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)

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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