50.1K

Verified Solution

Link Copied!

what will be the ans of part b ???

Current Attempt in Progress The bank portion of last month's bank reconciliation for Sheridan Limited at October 31 is shown here: The reconciled cash balance per bank agreed with the reconcled cash balance per books after the bank reconciliation at October 3 . The November bankstatement showed the followinc: The bank portion of last month's bank reconciliation for Sheridan Limited at October 31 is shown here. The reconciled cash balance per bank agreed with the reconcited cash balance per books after the bank reconciliation at October 31 . The November bank statement showed the following? Bank Statement November 30 4 Cheque, No. 2475 7 Deposit 3,286 8 Cheque, No. 2476 1,97025,731 10 Cheque, No, 2477 5,800 14 Deposit 1,20018,731 15 Cheque, No. 2478 15 EFT, salaries 20 Deposit 25 Returned cheque - NSF, Giasson Developments 25 NSFfee 26 Cheque, No. 2479 27 Deposit 28 EFT, collection of note recelvable and interest 30 Cheque, No. 2481 30 EFT, salaries 30 Bank service charges The cash records per books for November showed the following: Additional information: 1. The EFT collection on November 28 was not previously recorded. The collection of the note was for $4,400, plus $164 interest interest was not previously accrued 2. EFT payments are recorded when they occur. 3. The bank did not make any errors. 4. Two errors were made by the compary: one in recording a cheque and one in recording a cash receipt. The correctioniof ary errors in the recording of cheques should be made to Accounts Payable. The correction of any errors in the recording of cash receipts should be made to Accounts Receivable. Your answer is correct. Calculate the cash balance per books as at November 30 , prior to reconciliation. Cash balance per books List of Accounts Attempts: 2 of 3 used Question 4 of 9 10.1/20

Answer & Explanation Solved by verified expert

See Answer