Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11.7 Bank reconciliation LO3 Sandy Poglase, owner of Sandy's Sandwiches, wants a bank reconciliation statement to be prepared for the month ended 31 March 2019
11.7 Bank reconciliation LO3 Sandy Poglase, owner of Sandy's Sandwiches, wants a bank reconciliation statement to be prepared for the month ended 31 March 2019 using the following information 1. Final balance in the Cash at Bank account in the ledger of Sandy's Sandwiches (after all entries arising from the bank statement had been entered) was $13 204.26 Dr. 2. Balance shown by the bank statement at 31 March was $13 155.10 Cr. 3. Cheques recorded in the cash payments journal but not presented to the bank for payment were as follows. Cheque no. 41 43 46 51 $339.50 262.64 423.90 195.10 4. A deposit of $1270.30 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 the bank reconciliation statement at 31 March 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started