Question

The following information is available to reconcile Credit Karma Inc.,'s book balance of cash with
its bank statement cash balance as of December 31.
a. The December 31 cash balance according to the accounting records is $32,878.30, and the bank state-
ment cash balance for that date is $46,822.40.
b. Check No. 1262 for $410.40, Check No. 1283 for $4,589.30, and Check No. 1292 for $400 are out-
standing checks as of December 31.
c. Check No. 1287 had been correctly drawn for $3,456 to pay for office supplies but was erroneously
entered in the accounting records as $3,465.
d. The bank statement shows a $762.50 NSF check received from a customer, Lata Industries, in pay-
ment of its account. The statement also shows a $99 bank fee in miscellaneous expenses for check
printing. Credit Karma had not yet recorded these transactions.
e. The bank statement shows that the bank collected $18,980 cash on a note receivable for the company.
Credit Karma did not record this transaction before receiving the statement.
f. Credit Karma’s December 31 daily cash receipts of $9,583.10 were placed in the bank’s night
depository on that date but do not appear on the December 31 bank statement.
Required
1. Prepare the bank reconciliation for this company as of December 31.
2. Prepare the journal entries necessary to make the company’s book balance of cash equal to the recon-
ciled cash balance as of December 3

Answer 1

Answer:

Write a Formal letter of placing order:

You are Parveen the manager of little wonders Toy Shop,you want to order different kinds of toys for the New Year’s celebrations.

List down different kinds of toys along with accurate number of prices required and mention all other important details.