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5. The Cash account of Jasmeen Ltd. reported a balance of $2,500 at July 31, 2018. Included were outstanding cheques totalling $900 and an July

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5. The Cash account of Jasmeen Ltd. reported a balance of $2,500 at July 31, 2018. Included were outstanding cheques totalling $900 and an July 31 deposit of $500 that did not appear on the bank statement. The bank statement, which came from Scotia Bank, listed an July 31, 2018, balance of $3,405. Included in the bank balance was an July 30 collection of $550 on account from a customer who pays the bank directly. The bank statement also shows a $20 service charge, $10 of interest revenue that Jasmeen Ltd. earned on its bank balance, and an NSF cheque for $35. Prepare a bank reconciliation to determine how much cash Jasmeen Ltd. actually has at July 31, 2018. (20 marks)

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