all 61% 12:43 + Prime Limited - Bank reconciliation Statement - Saved M N O P Q R FRETEL LLITERILL Assume that you are working as an Account Mange in Prime Limted a company carrying a business of Accounting Software Implementation. As the end of the month of June 20. you found that the bank hook reflected as favourable balance of t discoveries were made and aftware i Cheque of t.es issued te contractors were not yet presented to the bank i Bank made payment of t 2.90 in relation to payment charges on Prime Limited's account Prime Limited had instructed the bank to transfer interest of L earned on a deposit account to its current account. The henk did not transfer the amount tills duly are where the amount had already been recorded in the bank book. iv Cheque of t... and received from customers and deposited to the bank had not been credited by the bank The receipt side of the bank book was overled by t.com Transaction Page 12:43 al 61% The payment side of the bank book was undercuted by Mi Prime Limited made payments of te verseas contractors. However, these payments were not vill A cheque of a drawn in favour of a contractor was recorded in the bank statements Im Acheque of L inued to one of the contractors had been entered twice in the bank book * Dividend of the collected by the bank was recorded a s in the bank back A standing order for payment of annual subscription fees often for a magasine had not been recorded in the bank So, you are required to determine the correct balance that should be reported in the bank heek and prerere a bank reconciliation statement reconciling the amended balance with that shown in the bank statement Transaction Page O PROTECTED VIEW de ratlles tiom the listeet can conta Enable Editing PRIME LIMITED Assume that you are working as an Accounts Mange in Prime Limted, a company carrying a business of Accounting Software Implementation. At the end of the month of June 2018. you found that the bank book reflected as favourable balance of 34,000 while the bank statement showed an overdraft of E 171 200 On examination of the two records, the following discoveries were made Cheque of 32,500 issued to contractors were not yet presented to the bank Bank made payment of 3,500 in relation to e payment charges on Prime Limited's account. Prime limted had instructed the bank to transfer interest of 4500 earned on a deposit account to its current account the bank did not transfer the amount till 15 July 2018 whereas the amount had already been recorded in the bank book 13 14 V Cheque of 63,000 and 58,100 received from customers and deposited to the bank had not been credited by the bank. 16 v The receipt side of the bank book was overcated by 9,000 18 M The payment side of the bank book was undercasted by 4.200 Prime Limited made e payments of 72,000 to overseas contractors. However, these payments were not posted to the bank book. 1 A cheque of 3,000 drawn in favour of a contractor was recorded in the bank statement as 30,000 X A cheque of 6,500 issued to one of the contractors had been entered twice in the bank book Transaction Page Type here to search Address ULTI Prime Limited had S A SIRIULUUU UU UU UL bank did not transfer the amount till 15 July 2018 whereas the amount had already been recorded in the bank book. i Cheque of 63,000 and 58,100 received from customers and deposited to the bank had not been credited by the bank v The receipt side of the bank book was overcated by 9,000 The payment side of the bank book was undercasted by E4200 Prime Limited made e payments of 72,000 to overseas contractors. However, these payments were not posted to the bank book Vi Acheque of 3,000 drawn in favour of a contractor was recorded in the bank statement as 30,000 IX A cheque of 6,500 issued to one of the contractors had been entered twice in the bank book * Dividend of 5,400 collected by the bank was recorded at 6 300 in the bank book. A standing order for payment of annual subscription fees of 2,000 for a magazine had not been recorded in the bank book So, you are required to determine the correct balance that should be reported in the bank book and prepare a bank reconciliation statement reconciling the amended balance with that shown in the bank statement. Transaction Page Address Type here to search lo e R $