Question
3) The following information is needed to prepare the bank reconciliation for Rival Ltd. at January 31, 2022. . Rival received cash of $5,524
3) The following information is needed to prepare the bank reconciliation for Rival Ltd. at January 31, 2022. . Rival received cash of $5,524 on January 31 that it has not yet taken to the bank. A bank service charge of $30 was noted on the bank statement. Cheques that Rival wrote and mailed that have not cleared the bank yet include: 0075 0086 $185 $2,342 The book balance at January 31, 2022 is $5,500. The bookkeeper recorded a $1,697 cheque as $16,970 in payment of the current month's advertising. The bank balance at January 31, 2022 was $15,560. . A customer's cheque for $2,186 was returned for non-sufficient funds. REQUIRED: a) Based on the information above, complete a bank reconciliation, in the format below, for Rival Ltd. as of January 31, 2022. (10 marks). BANK BOOKS
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