$$%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. All adjustments in right side of the bank reconciliation statement should be accounted in books of business, All adjustments in left side of bank reconciliation statement need not be accounted

Business

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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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