As the accountant for Sam & Bens Ice Cream you are required to perform a bank reconciliation

Question:

As the accountant for Sam & Ben’s Ice Cream you are required to perform a bank reconciliation at the end of June 2019. The bank reconciliation statement for the previous month is set out below:

image text in transcribed

Abridged cash receipts and cash payments journals before finalisation and posting are as follows.

image text in transcribed

image text in transcribed

image text in transcribed

The following is a copy of the bank statement for the month of June 2019.

image text in transcribed

image text in transcribed

Required

(a) Complete the cash journals, amending or adding to them as necessary, and post the cash at bank totals to the Cash at Bank account.

(b) Prepare the Cash at Bank account showing the final balance at 30 June 2019.

(c) Prepare the bank reconciliation statement as at 30 June 2019.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780730363217

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

Question Posted: