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Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 $ 805 Balance per bank statement April 30 $ 11,400 (1) Checks written in April but still outstanding $ 6,000. (2) Checks written in March but still outstanding $ 2,500. (3) Deposits of April 30 not yet recorded by bank $ 4,000. (4) NSF check of customer returned by bank $ 510. (5) Check No. 210 for $ 583 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $ 538. (6) Bank service charge for April was $ 40. A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $ 613 when Check No. 318 was correctly prepared for $ 163. The check cleared the bank in April. (7) (8) The bank collected a note receivable for the company of $ 6,000 plus $ 240 interest revenue. Prepare a bank reconciliation at April 30.

Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 $ 805 Balance per bank statement April 30 $ 11,400 (1) Checks written in April but still outstanding $ 6,000. (2) Checks written in March but still outstanding $ 2,500. (3) Deposits of April 30 not yet recorded by bank $ 4,000. (4) NSF check of customer returned by bank $ 510. (5) Check No. 210 for $ 583 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $ 538. (6) Bank service charge for April was $ 40. A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $ 613 when Check No. 318 was correctly prepared for $ 163. The check cleared the bank in April. (7) (8) The bank collected a note receivable for the company of $ 6,000 plus $ 240 interest revenue. Prepare a bank reconciliation at April 30.

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 11EB: Using the following information, prepare a bank reconciliation. Bank balance: $12,565. Book...
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Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 $ 805 Balance per bank statement April 30 $ 11,400 (1) Checks written in April but still outstanding $ 6,000. (2) Checks written in March but still outstanding $ 2,500. (3) Deposits of April 30 not yet recorded by bank $ 4,000. (4) NSF check of customer returned by bank $510. (5) Check No. 210 for $ 583 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $ 538. (6) Bank service charge for April was $ 40. (7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $ 613 when Check No. 318 was correctly prepared for $ 163. The check cleared the bank in April. (8) The bank collected a note receivable for the company of $ 6,000 plus $ 240 interest revenue. Prepare a bank reconciliation at April 30.
Transcribed Image Text:Blossom Food Store used the following information in recording its bank reconciliation for the month of April. Balance per books April 30 $ 805 Balance per bank statement April 30 $ 11,400 (1) Checks written in April but still outstanding $ 6,000. (2) Checks written in March but still outstanding $ 2,500. (3) Deposits of April 30 not yet recorded by bank $ 4,000. (4) NSF check of customer returned by bank $510. (5) Check No. 210 for $ 583 was correctly issued and paid by the bank but incorrectly entered in the cash payments journal as payment on account for $ 538. (6) Bank service charge for April was $ 40. (7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $ 613 when Check No. 318 was correctly prepared for $ 163. The check cleared the bank in April. (8) The bank collected a note receivable for the company of $ 6,000 plus $ 240 interest revenue. Prepare a bank reconciliation at April 30.
Prepare a bank reconciliation at April 30. BLOSSOM FOOD STORE Bank Reconciliation $ %24
Transcribed Image Text:Prepare a bank reconciliation at April 30. BLOSSOM FOOD STORE Bank Reconciliation $ %24
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