Reference no: EM132977079

Question - The bank statement of Little's Floral Ltd. shows a final balance of £ 8,966 as of october 31, 2019. The present balance of the cash account in the ledger is £ 8,030.50. The accountant took the following steps:

1) Verified that canceled checks were recorded correctly on the bank statement.

2) Discovered that a deposit of £ 1,003 made on Oct 31, 2017 was not recorded on the bank statement.

3) Noted outstanding checks: no. 1916, £ 461; no. 2022, £ 119; no. 2023, £ 827; no. 2024, £ 67,

4) Found that check no. 2001 for £ 523 payable to Davis, Inc., on account, was recorded in the journal as £ 532. (The correct amount is £ 523) 5) Noted that a credit memo for a note collected by the bank from Lee and Brock, £ 600 principal plus £ 6 interest, was not recorded in the journal.

6) Noted that a debit memo for a collection charge and service charge of £ 5.50 was not recorded in the journal.

7) Noted that a debit memo for an NSF check for £ 125 from M.D. Scott was not recorded.

8) Noted that a £ 20 personal withdrawal by Roberta Little, the owner, using an ATM, was not recorded.

Required - Make Bank Reconciliation Statement for Little's Flora Ltd. as on 31st October 2019.