$$%24%24%24%24>>>> Bell Food Store developed the following information in recording its bank statement for the month of March.Balance per books March 31$3,664Balance per bank statement March 31$10,900(1)Checks written in March but still outstanding $7,000.(2)Checks written in February but still outstanding $3,100.(3)Deposits of March 30 and 31 not yet recorded by bank $5,200.(4)NSF check of customer returned by bank $1,200.(5)Check No. 210 for $593 was correctly issued and paid by bank but incorrectly entered in the cash payments journal aspayment on account for $539.(6)Bank service charge for March was $50.(7)A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiaryledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March.(8)The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.Prepare a bank reconciliation at March 31. (List items that increase cash balance first.)BELL FOOD STOREBank ReconciliationMarch 31%24>>

Bell Food Store developed the following information in recording its bank statement for the month of March. Balance per books March 31 $3,664 Balance per bank statement March 31 $10,900 (1) Checks written in March but still outstanding $7,000. (2) Checks written in February but still outstanding $3,100. (3) Deposits of March 30 and 31 not yet recorded by bank $5,200. (4) NSF check of customer returned by bank $1,200. (5) Check No. 210 for $593 was correctly issued and paid by bank but incorrectly entered in the cash payments jo payment on account for $539. (6) Bank service charge for March was $50. A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payabl ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March. (7) (8) The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.

Bell Food Store developed the following information in recording its bank statement for the month of March. Balance per books March 31 $3,664 Balance per bank statement March 31 $10,900 (1) Checks written in March but still outstanding $7,000. (2) Checks written in February but still outstanding $3,100. (3) Deposits of March 30 and 31 not yet recorded by bank $5,200. (4) NSF check of customer returned by bank $1,200. (5) Check No. 210 for $593 was correctly issued and paid by bank but incorrectly entered in the cash payments jo payment on account for $539. (6) Bank service charge for March was $50. A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payabl ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March. (7) (8) The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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