Question
A comparison of the Jan 2000 bank reconciliation statement and the Feb 2000 cash journals with the Feb 2000 bank statement of PK holdings revealed
A comparison of the Jan 2000 bank reconciliation statement and the Feb 2000 cash journals with the Feb 2000 bank statement of PK holdings revealed the following:
(a).... Bank charges of R63 have not yet been taken into account. (b).... A cheque of R316, for telephone expenses, was recorded in the cash payments journal as R361. (c).... A deposit of R490 did not appear on the bank statement. (d).... The bank erroneously debited the entitys bank account with interest of R340. (e).... Cheques to the amount of R1 210 were still outstanding. Balances at 30 June 2019:
R
Bank account (favourable) (provisional) before the above transactions were taken into account. 117 Balances at 31 Jan 2000: Bank statement 690 Bank account 1 900
what is the balance of the bank + is it favorable or unfavorable
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