The April 30 bank statement of Counselling Services Association (CSA) has just arrived from Scotiabank. To prepare the CSA bank reconciliation, you gather the following data: E (Click the icon to view the additional data for the bank reconciliation.) Required 1. Prepare the bank reconciliation for CSA. 2. Journalize the April 30 transactions needed to update CSA's Cash account. Include an explanation for each entry Requirement 1. Prepare the bank reconciliation for CSA, and then continue with the book side of the reconciliation. (Enter amounts to two decimal places. Leave unused cells blanh Data Table CSA's Cash account shows a balance of $6.610 64 on April 30. b. The April 30 bank balance is $8,501.15. c. The bank statement shows that CSA earned $16.55 of interest on its bank balance during April. This amount was added to CSA's bank balance. d. CSA pays utilities ($280) and insurance ($60) by EFT. e. The following CSA cheques did not clear the bank by April 30: a. Cheque No. Amount 237 24 46.10 288 142.00 291 578.05 293 11.97 294 609.22 295 5.88 296 103.54 The bank statement includes a donation of $840, electronically deposited to the bank for CSA The bank statement lists a $10.60 bank service charge. f. g. h. On April 30, the CSA treasurer deposited $15.35, which will appear on the May bank statement. The bank statement includes a $320 deposit that CSA did not make. The bank i. added $320 to CSA's account for another company's deposit. The bank statement includes two charges for returned cheques from donors. One is a $350 cheque received from a donor with the imprint "Unauthorized Signature." The other is a nonsufficient funds cheque in the amount of $66.85 received from a client Clear All File Explor w Word Do Home.. O O OM
The April 30 bank statement of Counselling Services Association (CSA) has just arrived from Scotiabank. To prepare the CSA bank reconciliation, you gather the following data: E (Click the icon to view the additional data for the bank reconciliation.) Required 1. Prepare the bank reconciliation for CSA. 2. Journalize the April 30 transactions needed to update CSA's Cash account. Include an explanation for each entry Requirement 1. Prepare the bank reconciliation for CSA, and then continue with the book side of the reconciliation. (Enter amounts to two decimal places. Leave unused cells blanh Data Table CSA's Cash account shows a balance of $6.610 64 on April 30. b. The April 30 bank balance is $8,501.15. c. The bank statement shows that CSA earned $16.55 of interest on its bank balance during April. This amount was added to CSA's bank balance. d. CSA pays utilities ($280) and insurance ($60) by EFT. e. The following CSA cheques did not clear the bank by April 30: a. Cheque No. Amount 237 24 46.10 288 142.00 291 578.05 293 11.97 294 609.22 295 5.88 296 103.54 The bank statement includes a donation of $840, electronically deposited to the bank for CSA The bank statement lists a $10.60 bank service charge. f. g. h. On April 30, the CSA treasurer deposited $15.35, which will appear on the May bank statement. The bank statement includes a $320 deposit that CSA did not make. The bank i. added $320 to CSA's account for another company's deposit. The bank statement includes two charges for returned cheques from donors. One is a $350 cheque received from a donor with the imprint "Unauthorized Signature." The other is a nonsufficient funds cheque in the amount of $66.85 received from a client Clear All File Explor w Word Do Home.. O O OM
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please prepare the bank reconciliation for CSA
Transcribed Image Text:The April 30 bank statement of Counselling Services Association (CSA) has just arrived from Scotiabank. To prepare the CSA bank reconciliation, you gather the following data:
E (Click the icon to view the additional data for the bank reconciliation.)
Required
1. Prepare the bank reconciliation for CSA.
2. Journalize the April 30 transactions needed to update CSA's Cash account. Include an explanation for each entry.
Requirement 1. Prepare the bank reconciliation for CSA, and then continue with the book side of the reconciliation. (Enter amounts to two decimal places. Leave unused cells blank.)
Data Table
a. CSA's Cash account shows a balance of S6,610.64 on April 30.
b. The April 30 bank balance is $8,501.15.
c. The bank statement shows that CSA earned $16.55 of interest on its bank balance
during April. This amount was added to CSA's bank balance.
d. CSA pays utilities ($280) and insurance ($60) by EFT.
e. The following CSA cheques did not clear the bank by April 30:
Cheque No.
Amount
237
$4
46.10
288
142.00
291
578.05
293
11.97
294
609.22
295
5.88
296
103.54
The bank statement includes a donation of $840, electronically deposited to the
bank for CSA.
f.
g. The bank statement lists a $10.60 bank service charge.
On April 30, the CSA treasurer deposited $15.35, which will appear on the May
bank statement.
i.
The bank statement includes a $320 deposit that CSA did not make. The bank
added $320 to CSA's account for another company's deposit.
The bank statement includes two charges for returned cheques from donors. One is
j.
a $350 cheque received from a donor with the imprint "Unauthorized Signature."
The other is a nonsufficient funds cheque in the amount of $66.85 received from a
client.
Clear All
Print
Done
File Explo...
Word
Canor
Do Home...
Course H...
Chapter 4...
Type here to search
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education