8:21bStudent questionTRUST BANK ACCOUNTBalance per Bank StatementComplete the following schedules: Trust Bank Reconciliatin, Client Listing, Trust ComparisonLess: Outstanding Cheques (see below)Plus: Outstanding DepositsList:Plus/Minus Bank ErrorReconciled Trust Balance as at June 30, 20**Show Transcribed TextShawna ConsultingTrust Bank Reconciliationas at June 30, 20**File NO. AccountTotal Trust Liabilities to Clients at June 30, 20**Client Trust Listing(from clients' trust ledger balances)as at June 30 20**Show Transcribed TextReconciled Trust Bank Balance|||Trust Comparisonas at June 30, 20**Total of Balances per clients trust ledger4.00 VoKB/S LTEDH+Last Activity Date91Time to preview question: 00:09:16Balance Owed 8:20 bStudent questionDate03-Jun10-JunShawna Consulting requires a reconcilation of the trust bank account. Below are the Trust Receipts, TrustDisbursements Journals, the Trust Bank Statement from which you must prepare the reconciliation14-Jun15-Jun27-JunDate05-Jun12-Jun26-JunDate01-Jun30-JunTrust Receipts JournalDateReceived FromS. SmithK. PangbornJ. Holly-defendantR. MooreM. Smyth-defendantShow Transcribed TextPaid toShawnaShawnaJ. PittTrust Disbursements JournalTrust Bank AccountDescriptionOpening BalanceTrust Receipts JournalTrust Disbursements JournalDescriptionBalance Forward04-Jun Deposit07-Jun Chq. #0003211-Jun Deposit13-Jun Chq. #0003315-Jun DepositTotal Debits and CreditsClosing BalanceDescriptionS. Smith RetainerK.Pangborn Retainer|||J. Pitt-SettlementR. Moore RetainerK. Bliss - SettlementDescriptionJ. Pitt-photocopy costs recoverableK. Bill- courier costs recoverableJ. Pitt - SettlementUnion Bank: Shawna ConsultingTrusts Bank StatementJune 1 to June 30, 20**PRTRJ 2TDJ 3RefDebit22,400.00Debit(withdrawal)45.0025.008.00 VoKB/S LTEDCreditDr.5,025.00 Dr.3,200.004,500.005,000.0070.00 12,700.00Credit(deposits) BalanceTime to preview question: 00:09:33Chq. # 142Chq. #684TotalMethod of Payment AmountChq. # 432Chq. # 865Chq. #754Method of PaymentTrust Chq. #00032Trust Chq. #00033Trust Chq. #00034TotalAccount No.Dr./Cr.H+3,200.003,155.007,655.007,630.0012,630.0012,630.0012,630.00TRJ 23,200.004,500.005,000.006,000.003,700.0022,400.00(112)91TDJ 3AmountBalance45.0025.004,955.00(112)5,025.0011222,400.0017,375.00

When there is difference between the final balance of cash in the books of entity and in the books…

TRUST BANK ACCOUNT Balance per Bank Statement Less: Outstanding Cheques (see below) Plus: Outstanding Deposits List: Plus/Minus Bank Error Shawna Consulting Trust Bank Reconciliation as at June 30, 20** Reconciled Trust Balance as at June 30, 20** Show Transcribed Text File NO. Account S Client Trust Listing (from clients' trust ledger balances) as at June 30 20** Trust Comparison as at June 30, 20** Last Activity Date Total Trust Liabilities to Clients at June 30, 20** Balance Owed

TRUST BANK ACCOUNT Balance per Bank Statement Less: Outstanding Cheques (see below) Plus: Outstanding Deposits List: Plus/Minus Bank Error Shawna Consulting Trust Bank Reconciliation as at June 30, 20 Reconciled Trust Balance as at June 30, 20 Show Transcribed Text File NO. Account S Client Trust Listing (from clients' trust ledger balances) as at June 30 20 Trust Comparison as at June 30, 20 Last Activity Date Total Trust Liabilities to Clients at June 30, 20** Balance Owed

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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prepare a bank reconciliation report.
Current Attempt in Progress Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation. 1. 2 3. 4. 5. EFT transfer to a supplier. Bank service charge. Check printing charge. Error recording check # 214 which was written for $260 but recorded for $620. Collection of note and interest by the bank on the company's behalf.
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