3 Bank Reconciliation At June Breakaway Corp.'s book balance of the cash account shows an unadjusted balance of before reconciliation. The following data was also available for the month of June $70,000 4. 5. 6. 7 The balance per bank statement at June 30, $69,000 The bank statement does not include a deposit of $2,660 made on the last day of the month The bank statement shows a collection of a note receivable by the bank of $1,000 and a customer's cheque for $440 was returned because it was NSF Cheques outstanding on June 30 totalled $1,940 A customer's cheque for! $350 was recorded on the books as $530 In June the bank had charged a $1,000 Betterway Corp cheque against the Breakaway Corp. account There were bank service charges for June of $20 Required: a) b) Prepare a bank reconciliation dated June 30, proceeding to a correct balance. (11 marks) Prepare any entries that are needed to make the books correct and complete. (4 marks) Format B I U Font Famil Font Size Cash account balance 170,000 Bank statement Balance 69,000 ND LULJUN 1(15 points) Saved 3 Bank Reconciliation At June Breakaway Corp.'s book balance of the cash account shows an unadjusted balance of before reconciliation. The following data was also available for the month of June: 6 $70,000 1. 2. 3 4. 5 6. The balance per bank statement at June 30, $69,000 The bank statement does not include a deposit of $2,660 made on the last day of the month The bank statement shows a collection of a note receivable by the bank of $1,000 and a customer's cheque for $440 was returned because it was NSF Cheques outstanding on June 30 totalled $1,940 A customer's cheque for $350 was recorded on the books as $530 In June the bank had charged a $1,000 Betterway Corp. cheque against the Breakaway Corp. account There were bank service charges for June of $20 Required: a) b) Prepare a bank reconciliation dated June 30, proceeding to a correct balance (11 marks) Prepare any entries that are needed to make the books correct and complete (4 marks) Format B I U Font Famil Font Size v V Deposit in transfer 2,660 hp