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6. (5 marks) Little Co. has the following information to prepare its May bank reconciliation: Cash balance per books, May 31 $6,300 Deposits in transit
6. (5 marks) Little Co. has the following information to prepare its May bank reconciliation: Cash balance per books, May 31 $6,300 Deposits in transit 510 Notes receivable collected by bank 580 Bank service charges 40 Outstanding cheques 1,800 NSF cheque 150 Cheque #119 payable in the amount of $248 was recorded in the books and cleared the bank for $248. A review of the accounts payable records for the supplier show a $36 credit and that the total payment should have been $284. The adjusted cash balance per books on May 31 is: Show supporting calculations for part marks. Calculations
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