(Solved): CP2--Submit in Canvas Use the data to set up a Trial Balance and answer the 5 questions. \table[[Cas ...

CP2--Submit in Canvas Use the data to set up a Trial Balance and answer the 5 questions. \table[[Cash,$30,000],[Accounts receivable,22,000],[Supplies,1,000],[Prepaid rent,6,000],[Building CP2--Submit in Canvas Use the data to set up a Trial Balance and answer the 5 questions. \table[[Cash,$30,000],[Accounts receivable,22,000],[Supplies,1,000],[Prepaid rent,6,000],[Building in class • Saved

Search rout References Mailings Review View Help CP4--Submit in Canvas At the end of the month, the company's general ledger shows a checking account balance of

but the bank reported the checking account balance as

on the bank statement. Comparing the company's cash ledger with the bank statement revealed the following: Cash receipts of

and checks written by the company for

have not cleared the bank yet. The bank charged

in service fees,

interest was earned on the bank account, and an automatic withdrawal of

for rent had cleared the bank. In addition, the bank had collected a

note receivable on the company's behalf. The company identified two errors. The bank made an error, the bank subtracted

from the company bank account for a

check the company wrote. Also, the company made an error when they recorded a deposit they made. The deposit was

but the company recorded it as

in the company ledger. Answer the following based on performing a bank reconcliation for the company. How should the company treat the bank error? (add/sub from bank/general ledger) How should the company treat the company error? (add/sub from bank/ general ledger) What is the general ledger cash balance before reconciliation?

What is the bank statement balance before reconcliation?

What is the general ledger balance after reconciliation?

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