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AMA Company's bank statement for 31st December 2021 showed a cash balance of $2750. The company's Cash account in its general ledger showed balance.
AMA Company's bank statement for 31st December 2021 showed a cash balance of $2750. The company's Cash account in its general ledger showed balance. The following information was also available as of December 31st a. A $900 NSF check from a customer, J. Steel is shown on the bank statement but not yet recorded by the company. b. The December 31st cash receipts, $3,250, were placed in the bank's night depository after banking hours and this amount did not appear on the D bank statement. c. A $59 debit memorandum for checks Book deducted by the bank. d. Outstanding checks amounted to $2,339. e. A customer's note for $2,790 was collected by the bank. A collection fee of $20 was deducted by the bank and the difference was deposited in the a f. The bank erroneously deducts a check for $150 by mistake. Required: Prepare a bank reconciliation as of December 31st You can answer in the following format: AMACOMPANY Bank Reconciliation, December 31 Bank statement balance.......XXXX Add YYYYY. Deduct YYYY .XXXX ..XXX
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