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Bridgeport Ltd. had the following information regarding its bank transactions for the month of April 2024: Unadjusted balance per books April 30 Balance per bank statement April 30 1. 2 3. 4. 5. 6. 7. 8. $2.775 11,700 Cheques written in April but still outstanding, $6,600, Cheques written in March but still outstanding. $2.800. Deposits of April 30 not yet recorded by bank, $6,200. A customer's cheque for $770 was returned by the bank as NSF. Cheque #210 for $594 was correctly issued and paid by bank but incorrectly entered in the general journal as a payment on account for $549. Bank service charge for April was $50. A payment on account (Cheque #318) was incorrectly entered in the general journal and posted to the general ledger as $824. However, it had been correctly prepared for $284. The cheque cleared the bank in April. Electronic collections on account totalled $6,050, and have not yet been recorded by the company. Prepare a bank reconciliation for Bridgeport Ltd. at April 30. (List items that increase balance first)

Bridgeport Ltd. had the following information regarding its bank transactions for the month of April 2024: Unadjusted balance per books April 30 Balance per bank statement April 30 1. 2 3. 4. 5. 6. 7. 8. $2.775 11,700 Cheques written in April but still outstanding, $6,600, Cheques written in March but still outstanding. $2.800. Deposits of April 30 not yet recorded by bank, $6,200. A customer's cheque for $770 was returned by the bank as NSF. Cheque #210 for $594 was correctly issued and paid by bank but incorrectly entered in the general journal as a payment on account for $549. Bank service charge for April was $50. A payment on account (Cheque #318) was incorrectly entered in the general journal and posted to the general ledger as $824. However, it had been correctly prepared for $284. The cheque cleared the bank in April. Electronic collections on account totalled $6,050, and have not yet been recorded by the company. Prepare a bank reconciliation for Bridgeport Ltd. at April 30. (List items that increase balance first)

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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Bridgeport Ltd. had the following information regarding its bank transactions for the month of April 2024: Unadjusted balance per books April 30 Balance per bank statement April 30 1. 2 3. 4. 5. $2,775 11,700 8. Cheques written in April but still outstanding. $6,600. Cheques written in March but still outstanding. $2,800. Deposits of April 30 not yet recorded by bank, $6,200. A customer's cheque for $770 was returned by the bank as NSF. Cheque # 210 for $594 was correctly issued and paid by bank but incorrectly entered in the general journal as a payment on account for $549. 6. Bank service charge for April was $50. 7. A payment on account (Cheque #318) was incorrectly entered in the general journal and posted to the general ledger as $824. However, it had been correctly prepared for $284. The cheque cleared the bank in April. Electronic collections on account totalled $6,050, and have not yet been recorded by the company. Prepare a bank reconciliation for Bridgeport Ltd. at April 30. (List items that increase balance first)
Transcribed Image Text:Bridgeport Ltd. had the following information regarding its bank transactions for the month of April 2024: Unadjusted balance per books April 30 Balance per bank statement April 30 1. 2 3. 4. 5. $2,775 11,700 8. Cheques written in April but still outstanding. $6,600. Cheques written in March but still outstanding. $2,800. Deposits of April 30 not yet recorded by bank, $6,200. A customer's cheque for $770 was returned by the bank as NSF. Cheque # 210 for $594 was correctly issued and paid by bank but incorrectly entered in the general journal as a payment on account for $549. 6. Bank service charge for April was $50. 7. A payment on account (Cheque #318) was incorrectly entered in the general journal and posted to the general ledger as $824. However, it had been correctly prepared for $284. The cheque cleared the bank in April. Electronic collections on account totalled $6,050, and have not yet been recorded by the company. Prepare a bank reconciliation for Bridgeport Ltd. at April 30. (List items that increase balance first)
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