Prepare a bank reconciliation on 30 June 2016 based on the information provided below. Show all your calculations. The f
Posted: Wed Apr 27, 2022 10:36 am
Prepare a bank reconciliation on 30 June 2016 based on the
information provided below. Show all your calculations.
The following information relates to the cash position of Canada
Ltd.
1. Cash at Bank account balance on 30 June 2020: $45 351
debit.
2. Bank statement balance on 30 June 2020: $47 512
credit.
3. On 30 June receipts amounting to $1 420 have not been
deposited.
4. Cheques issued but not presented total $3 268.
5. A $212 cheque was returned marked ‘dishonored’ (NSF). The
cheque had been received from B Simpson, a new customer.
6. A $550 deposit made by L. Rich was incorrectly credited to
the bank account of Canada.
7. The bank statement shows that the bank has charged the
business’s account with fees and charges of $25.
information provided below. Show all your calculations.
The following information relates to the cash position of Canada
Ltd.
1. Cash at Bank account balance on 30 June 2020: $45 351
debit.
2. Bank statement balance on 30 June 2020: $47 512
credit.
3. On 30 June receipts amounting to $1 420 have not been
deposited.
4. Cheques issued but not presented total $3 268.
5. A $212 cheque was returned marked ‘dishonored’ (NSF). The
cheque had been received from B Simpson, a new customer.
6. A $550 deposit made by L. Rich was incorrectly credited to
the bank account of Canada.
7. The bank statement shows that the bank has charged the
business’s account with fees and charges of $25.