Little Flowers in Peterborough received a Bank Statement from Bank of Montreal indicating a bank...
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Accounting
Little Flowers in Peterborough received a Bank Statement from Bank of Montreal indicating a bank Balance of $7,100. Based on Cos GL cash account, the balance was $5,700.
a) Prepare Bank reconciliation for the Co as of Sep 30, 2017 from the following information
(b) Journalize entries as needed
a) Cheques outstanding: No. 122, $800; No. 130, $1,000.
b) Deposits in transit, $1,110.
c) Accountant of the Co forgot to record gasoline expense of $33.
d) Bank service charge, $60.
e) Bank of Montreal collected a note for Little Flowers, $810, less a $7 collection fee.
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