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Ans. templates down below Question 6 ( 12 marks) The following information is available for Welcome Inc. regarding its December 31, Year 4, bank statement:
Ans. templates down below
Question 6 ( 12 marks) The following information is available for Welcome Inc. regarding its December 31, Year 4, bank statement: According to the bank statement, the balance is $21,200.68. According to the books, the balance is $20,559.40. Cheque \#1169 for $410.50 and cheque #1183 for $2,150.00 were not returned with the bank statement. The bank had not received a deposit in transit of $3,443.22 when the bank statement was generated. A bank debit memo indicated an NSF cheque written by Bill Broke to Welcome Inc. on December 11 for $169. A bank credit memo indicated a bank collection of a note receivable for $1,700 and interest revenue of $28 on December 15 The bank statement indicated a service charge of $35. Required Based on the above information, prepare a bank reconciliation and the required journal entries
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