The bank reconciliation prepared by Village-on-the-Lake Condos on May 31, 2020, is shown below: The Cash account

Question:

The bank reconciliation prepared by Village-on-the-Lake Condos on May 31, 2020, is shown below:

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The Cash account in the general ledger appeared as follows on June 30:

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A list of deposits made and cheques written during June, taken from the cash receipts journal and cash disbursements journal, is shown below:

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The following bank statement is available for June:

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In reviewing deposits recorded by the bank, the bookkeeper discovered that the deposit from customer Darla Smith dated June 30, recorded in the cash receipts journal incorrectly as $12,600, was recorded by the bank correctly as $16,200.

Required

a. Prepare a bank reconciliation at June 30.

b. Prepare the necessary journal entries to bring the general ledger Cash account into agreement with the adjusted balance on the bank reconciliation.

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Related Book For  book-img-for-question

Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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