Homework Help is Here – Start Your Trial Now!
Business
Accounting
Task 3 Information needed to prepare a bank reconciliation for the Dine Fine Restaurant for November 30, 2017, is presented below: a. Balance of cash per books on November 30, 2017, is £1,252.86. b. Balance per bank statement on November 30, 2017, is £1,192.96. c. The November 30 cash receipts of £382.50 were placed in the local bank's drop box at 9: P.M. on November 30. d. Bank services charges amounted to £14 for printing new checks. e. The outstanding checks at November 30 were #864, £232.50 ; # 868, £12.75; #869, £122.17. f. An NSF check in the amount of £25 was returned with the bank statement. g. Check #842 for £76 was erroneously recorded on the books at £67. h. A credit memo for £3.18 for interest earned was included with the bank statement. (a) Prepare a bank reconciliation for the restaurant for November 30, 2017.

Task 3 Information needed to prepare a bank reconciliation for the Dine Fine Restaurant for November 30, 2017, is presented below: a. Balance of cash per books on November 30, 2017, is £1,252.86. b. Balance per bank statement on November 30, 2017, is £1,192.96. c. The November 30 cash receipts of £382.50 were placed in the local bank's drop box at 9: P.M. on November 30. d. Bank services charges amounted to £14 for printing new checks. e. The outstanding checks at November 30 were #864, £232.50 ; # 868, £12.75; #869, £122.17. f. An NSF check in the amount of £25 was returned with the bank statement. g. Check #842 for £76 was erroneously recorded on the books at £67. h. A credit memo for £3.18 for interest earned was included with the bank statement. (a) Prepare a bank reconciliation for the restaurant for November 30, 2017.

Corporate Financial Accounting
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.3BE
See similar textbooks
icon
Related questions
Question
Task 3 Information needed to prepare a bank reconciliation for the Dine Fine Restaurant for November 30, 2017, is presented below: a. Balance of cash per books on November 30, 2017, is £1,252.86. b. Balance per bank statement on November 30, 2017, is £1,192.96. c. The November 30 cash receipts of £382.50 were placed in the local bank's drop box at 9: P.M. on November 30. d. Bank services charges amounted to £14 for printing new checks. e. The outstanding checks at November 30 were #864, £232.50; #868, £12.75; #869, £122.17. f. An NSF check in the amount of £25 was returned with the bank statement. g. Check #842 for £76 was erroneously recorded on the books at £67. h. A credit memo for £3.18 for interest earned was included with the bank statement. (a) Prepare a bank reconciliation for the restaurant for November 30, 2017.
Transcribed Image Text:Task 3 Information needed to prepare a bank reconciliation for the Dine Fine Restaurant for November 30, 2017, is presented below: a. Balance of cash per books on November 30, 2017, is £1,252.86. b. Balance per bank statement on November 30, 2017, is £1,192.96. c. The November 30 cash receipts of £382.50 were placed in the local bank's drop box at 9: P.M. on November 30. d. Bank services charges amounted to £14 for printing new checks. e. The outstanding checks at November 30 were #864, £232.50; #868, £12.75; #869, £122.17. f. An NSF check in the amount of £25 was returned with the bank statement. g. Check #842 for £76 was erroneously recorded on the books at £67. h. A credit memo for £3.18 for interest earned was included with the bank statement. (a) Prepare a bank reconciliation for the restaurant for November 30, 2017.
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Bank reconciliation statement
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
Corporate Financial Accounting
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS