Bell Food Store Developed the Following Information in Recording Its

question 119

Essay

Bell Food Store developed the following information in recording its bank statement for the month of March. -------------------------------------------
(1) Checks written in March but still outstanding $7,000.
(2) Checks written in February but still outstanding $3,100.
(3) Deposits of March 30 and 31 not yet recorded by bank $5,200.
(4) NSF check of customer returned by bank $1,200.
(5) Check No. 210 for $593 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for $539.
(6) Bank service charge for March was $50.
(7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for $824 when Check No. 318 was correctly prepared for $284. The check cleared the bank in March.
(8) The bank collected a note receivable for the company for $3,000 plus $100 interest revenue.
Instructions
Prepare a bank reconciliation at March 31.

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Definitions:

Listening Styles

The preferred ways individuals pay attention to and process spoken information and communication.

Hearing

Physiological process of decoding sounds.

Listening

The active process of receiving, interpreting, and reacting to verbal and nonverbal messages from others.

Fact

Something that has been directly observed to be true and thus has been proven to be true.