Lisa Ceja is unable to reconcile the bank balance at 31 January. Lisas reconciliation is as follows.
Question:
Lisa Ceja is unable to reconcile the bank balance at 31 January. Lisa’s reconciliation is as follows.
Cash balance per bank | $3 660.20 |
Add: NSF cheque | 590.00 |
Less: Bank service charge | 25.00 |
Adjusted balance per bank | $4 225.20 |
Cash balance per books | $3 875.20 |
Less: Deposits in transit | 530.00 |
Add: Outstanding cheques | 930.00 |
Adjusted balance per books | $4 275.20 |
Required
A. Prepare a correct bank reconciliation.
B. Journalise the entries required by the reconciliation.
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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