Answer:
Explanation:
The Carla Boat Company
Bank Reconciliation Statement
as at 30th November
Balance as per bank balance $8,500
Add: Uncredited payment $6,480
Add: Bank Charges $50
Add: Returned Chq $700
Less: Outstanding Chqs ($6,260)
Less: Note received ($3,880)
Less: transposition error on payment ($54)
Balance as per cash book $5,536
Journal entries for transactions:
1. Debit : Bank Charges Expenses $50
Credit: Bank Account $50
Being bank charges expenses for the month of Nov
2. Debit: Cash in bank $54
Credit: Account Payable $54
Being transposition error on Check No 138
3. Debit: Account payable $700
Credit: Bank Account $700
Being NSF check returned
4. Debit: Bank Account $3,880
Credit: Notes Receivable $3,748
Credit: Interest on investment $132
Being note receivable and accrued int
