TRUST BANK ACCOUNT Balance per Bank Statement Less: Outstanding Cheques (see below) Plus: Outstanding Deposits List: Plus/Minus Bank Error Shawna Consulting Trust Bank Reconciliation as at June 30, 20** Reconciled Trust Balance as at June 30, 20** Show Transcribed Text File NO. Account S Client Trust Listing (from clients' trust ledger balances) as at June 30 20** Trust Comparison as at June 30, 20** Last Activity Date Total Trust Liabilities to Clients at June 30, 20** Balance Owed
TRUST BANK ACCOUNT Balance per Bank Statement Less: Outstanding Cheques (see below) Plus: Outstanding Deposits List: Plus/Minus Bank Error Shawna Consulting Trust Bank Reconciliation as at June 30, 20** Reconciled Trust Balance as at June 30, 20** Show Transcribed Text File NO. Account S Client Trust Listing (from clients' trust ledger balances) as at June 30 20** Trust Comparison as at June 30, 20** Last Activity Date Total Trust Liabilities to Clients at June 30, 20** Balance Owed
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
Related questions
Question
![8:21
b
Student question
TRUST BANK ACCOUNT
Balance per Bank Statement
Complete the following schedules: Trust Bank Reconciliatin, Client Listing, Trust Comparison
Less: Outstanding Cheques (see below)
Plus: Outstanding Deposits
List:
Plus/Minus Bank Error
Reconciled Trust Balance as at June 30, 20**
Show Transcribed Text
Shawna Consulting
Trust Bank Reconciliation
as at June 30, 20**
File NO. Account
Total Trust Liabilities to Clients at June 30, 20**
Client Trust Listing
(from clients' trust ledger balances)
as at June 30 20**
Show Transcribed Text
Reconciled Trust Bank Balance
|||
Trust Comparison
as at June 30, 20**
Total of Balances per clients trust ledger
4.00 Vo
KB/S LTED
H+
Last Activity Date
91
Time to preview question: 00:09:16
Balance Owed](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e2ecb44-3acc-44a4-9a1e-0237508c1e1f%2F98ff4989-5d4d-4540-adde-1df4a7fe173c%2Feqxgpjh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:8:21
b
Student question
TRUST BANK ACCOUNT
Balance per Bank Statement
Complete the following schedules: Trust Bank Reconciliatin, Client Listing, Trust Comparison
Less: Outstanding Cheques (see below)
Plus: Outstanding Deposits
List:
Plus/Minus Bank Error
Reconciled Trust Balance as at June 30, 20**
Show Transcribed Text
Shawna Consulting
Trust Bank Reconciliation
as at June 30, 20**
File NO. Account
Total Trust Liabilities to Clients at June 30, 20**
Client Trust Listing
(from clients' trust ledger balances)
as at June 30 20**
Show Transcribed Text
Reconciled Trust Bank Balance
|||
Trust Comparison
as at June 30, 20**
Total of Balances per clients trust ledger
4.00 Vo
KB/S LTED
H+
Last Activity Date
91
Time to preview question: 00:09:16
Balance Owed
![8:20 b
Student question
Date
03-Jun
10-Jun
Shawna Consulting requires a reconcilation of the trust bank account. Below are the Trust Receipts, Trust
Disbursements Journals, the Trust Bank Statement from which you must prepare the reconciliation
14-Jun
15-Jun
27-Jun
Date
05-Jun
12-Jun
26-Jun
Date
01-Jun
30-Jun
Trust Receipts Journal
Date
Received From
S. Smith
K. Pangborn
J. Holly-defendant
R. Moore
M. Smyth-defendant
Show Transcribed Text
Paid to
Shawna
Shawna
J. Pitt
Trust Disbursements Journal
Trust Bank Account
Description
Opening Balance
Trust Receipts Journal
Trust Disbursements Journal
Description
Balance Forward
04-Jun Deposit
07-Jun Chq. #00032
11-Jun Deposit
13-Jun Chq. #00033
15-Jun Deposit
Total Debits and Credits
Closing Balance
Description
S. Smith Retainer
K.Pangborn Retainer
|||
J. Pitt-Settlement
R. Moore Retainer
K. Bliss - Settlement
Description
J. Pitt-photocopy costs recoverable
K. Bill- courier costs recoverable
J. Pitt - Settlement
Union Bank: Shawna Consulting
Trusts Bank Statement
June 1 to June 30, 20**
PR
TRJ 2
TDJ 3
Ref
Debit
22,400.00
Debit
(withdrawal)
45.00
25.00
8.00 Vo
KB/S LTED
Credit
Dr.
5,025.00 Dr.
3,200.00
4,500.00
5,000.00
70.00 12,700.00
Credit
(deposits) Balance
Time to preview question: 00:09:33
Chq. # 142
Chq. #684
Total
Method of Payment Amount
Chq. # 432
Chq. # 865
Chq. #754
Method of Payment
Trust Chq. #00032
Trust Chq. #00033
Trust Chq. #00034
Total
Account No.
Dr./Cr.
H+
3,200.00
3,155.00
7,655.00
7,630.00
12,630.00
12,630.00
12,630.00
TRJ 2
3,200.00
4,500.00
5,000.00
6,000.00
3,700.00
22,400.00
(112)
91
TDJ 3
Amount
Balance
45.00
25.00
4,955.00
(112)
5,025.00
112
22,400.00
17,375.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e2ecb44-3acc-44a4-9a1e-0237508c1e1f%2F98ff4989-5d4d-4540-adde-1df4a7fe173c%2Fffmvl83_processed.jpeg&w=3840&q=75)
Transcribed Image Text:8:20 b
Student question
Date
03-Jun
10-Jun
Shawna Consulting requires a reconcilation of the trust bank account. Below are the Trust Receipts, Trust
Disbursements Journals, the Trust Bank Statement from which you must prepare the reconciliation
14-Jun
15-Jun
27-Jun
Date
05-Jun
12-Jun
26-Jun
Date
01-Jun
30-Jun
Trust Receipts Journal
Date
Received From
S. Smith
K. Pangborn
J. Holly-defendant
R. Moore
M. Smyth-defendant
Show Transcribed Text
Paid to
Shawna
Shawna
J. Pitt
Trust Disbursements Journal
Trust Bank Account
Description
Opening Balance
Trust Receipts Journal
Trust Disbursements Journal
Description
Balance Forward
04-Jun Deposit
07-Jun Chq. #00032
11-Jun Deposit
13-Jun Chq. #00033
15-Jun Deposit
Total Debits and Credits
Closing Balance
Description
S. Smith Retainer
K.Pangborn Retainer
|||
J. Pitt-Settlement
R. Moore Retainer
K. Bliss - Settlement
Description
J. Pitt-photocopy costs recoverable
K. Bill- courier costs recoverable
J. Pitt - Settlement
Union Bank: Shawna Consulting
Trusts Bank Statement
June 1 to June 30, 20**
PR
TRJ 2
TDJ 3
Ref
Debit
22,400.00
Debit
(withdrawal)
45.00
25.00
8.00 Vo
KB/S LTED
Credit
Dr.
5,025.00 Dr.
3,200.00
4,500.00
5,000.00
70.00 12,700.00
Credit
(deposits) Balance
Time to preview question: 00:09:33
Chq. # 142
Chq. #684
Total
Method of Payment Amount
Chq. # 432
Chq. # 865
Chq. #754
Method of Payment
Trust Chq. #00032
Trust Chq. #00033
Trust Chq. #00034
Total
Account No.
Dr./Cr.
H+
3,200.00
3,155.00
7,655.00
7,630.00
12,630.00
12,630.00
12,630.00
TRJ 2
3,200.00
4,500.00
5,000.00
6,000.00
3,700.00
22,400.00
(112)
91
TDJ 3
Amount
Balance
45.00
25.00
4,955.00
(112)
5,025.00
112
22,400.00
17,375.00
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