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)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
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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