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As the bookkeeper of Rose Company of Drumheller, you received the bank statement from TD Canada Trust           indicat

As the bookkeeper of Rose Company of Drumheller, you received the bank statement from TD Canada Trust           indicat

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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  Bank Reconcilation                      
                             
  As the bookkeeper of Rose Company of Drumheller, you received the bank statement from TD Canada Trust        
  indicating a balance of $5,820.  The ending book balance wad $6,321.    The following information was available        
                             
  Deposits in transit were $2,875                      
  Bank service charges were $24                      
  Cheques outstanding:  No. 111, $478,  No. 115, $1,147                  
  TD collected a note for Rose, $1,770 and charged you a $12 collection fee              
  NSF cheque $525 was on the bank statement                    
  Rose company records cheque No. 107 as $900 for this months rent but the bank withdrew the correct amount on the cheque: $800    
  The bank made an error by deducting $560 to your account that was not one of your cheques          
                             
  Required:                          
                             
  Prepare a bank reconcilation AND any necessary journal entries                
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