Current Attempt in Progress
Indigo's Grocery Store developed the following information for the month of March, 2024:
Balance per books March 31
Balance per bank statement March 31
$2,115
$13,500
1.
Cheques written in March but still outstanding $10,100.
2.
Cheques written in February but still outstanding $4,900.
3.
Deposits of March 30 and 31 not yet recorded by bank $8,440.
4.
NSF cheque of customer returned by bank $910.
5.
Cheque no. 210 for $361 was correctly issued and paid by bank but incorrectly entered in the general journal as payment on
account for $316.
6.
Bank service charge for March was $50.
7.
A payment on account was incorrectly entered in the general journal and posted to the Accounts Payable subsidiary ledger
for $816 when cheque no. 318 was correctly prepared for $186. The cheque cleared the bank in March.
8.
A review of the bank statement revealed Indigo's Grocery received electronic payments from customers on account of $5,200
during March.
Prepare a bank reconciliation at March 31, 2024. (List items that increase balance as per bank & books first.)
INDIGO GROCERY STORE
Bank Reconciliation
