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1 (Total 15 marks) Creative Pty Ltd wants a bank reconciliation statement to be prepared for the month ended 30 June 2018 using the following
1 (Total 15 marks) Creative Pty Ltd wants a bank reconciliation statement to be prepared for the month ended 30 June 2018 using the following information: 1. Final balance in the Cash at Bank account in the ledger of Creative Pty Ltd (after all entries arising from the bank statement had been entered) was $13,204.26 Dr. 2. Balance shown by the bank statement at 30 June was $13,155.10 Cr. 3. Cheques recorded in the cash payments journal but not presented to the bank for payment were: Cheque no. 45 56 67 78 $339.50 262.64 423.90 195.10 4. A deposit of $1,270.30 appears as a deposit in the cash receipts journal but had not been recorded by the bank at the date of the statement. Required: A. Prepare a bank reconciliation at 30 June 2018 based on the provided information. (10 marks) B. Identify and discuss five (5) internal controls that Creative Pty Ltd can use to prevent cash fraud
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