Your staff accountant goes through the mail and opens the bank statement for the month of...
Your staff accountant goes through the mail and opens the bank statement for the month of October provided by Fanshawe Local Bank. It is shown below.
|
Fanshawe Local Bank |
||||
|
Prepared for Marco Polo |
||||
|
Date |
Information |
Withdrawal |
Deposit |
Balance |
|
Opening Balance |
12,600.00 |
|||
|
Oct 2 |
Deposit |
14,200.00 |
26,800.00 |
|
|
Oct 5 |
Chq#143 |
1,200.00 |
25,600.00 |
|
|
Oct 8 |
Deposit |
66,500.00 |
92,100.00 |
|
|
Oct 8 |
Deposit |
5,000.00 |
97,100.00 |
|
|
Oct 11 |
Chq#8240 |
2,400.00 |
94,700.00 |
|
|
Oct 31 |
Service Char |
60.00 |
94,640.00 |
|
|
General Ledger Accounts |
||||||
|
Account: |
Cash |
GL No: |
101 |
|||
|
Date |
Description |
PR |
DR |
CR |
Balance (DR or CR) |
|
|
Opening Balance |
26,800.00 |
DR |
||||
|
Oct 5 |
Paid Chq#14 |
GJ3 |
1,200.00 |
25,600.00 |
DR |
|
|
Oct 5 |
Paid invento |
GJ3 |
15,000.00 |
10,600.00 |
CR |
|
|
Oct 7 |
Return of in |
GJ3 |
5,000.00 |
15,600.00 |
CR |
|
|
Oct 8 |
Received pa |
GJ3 |
900.00 |
16,500.00 |
CR |
|
|
Oct 10 |
Received pa |
GJ3 |
66,500.00 |
83,000.00 |
DR |
|
|
Additional Information: |
|
a) The $14,200 is already recorded in the ledger last month. |
|
b) Cheque number of the company has only three (3) digits. |
|
Required: Prepare the October bank reconciliation for Marco Polo using the bank statement and general ledger provided. Compare the information in the general ledger to the bank statement. Once reconciled, record the relevant journal entries in the general journal and post the entries in the general ledger to bring the company's record up to date. |
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Your staff
accountant goes through the mail and opens the bank statement for
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The
cash records and bank statement for the month of July for Glover
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please help me this assignment
On may 2, 2010, Vacation Paradise received its April bank statement from First City Bank. Enclosed with the bank State which appears below, was a debit memo for $160 that covered a NSF check issued by Doris Fisher, a credite firm's checkbook contained the following information about deposits made and checks issued during Aprilg amer The balance of Cash account and the Checkbook on April 30, 2010, was $3810. J. The cash L O The...
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