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ASAP PLEASE 2. The 30 June 2021 bank statement of Kuro Berhad has arrived from ABC Bank. The following information has been gathered for bank
ASAP PLEASE
2. The 30 June 2021 bank statement of Kuro Berhad has arrived from ABC Bank. The following information has been gathered for bank reconciliation. 1. Bank statement shows an ending balance of RM72,320. 2. Cash at bank account shows a balance of RM56,540 on 30 June 2021. 3. The company deposited RM4,240 on 20 June and RM1,320 on 25 June. However, these deposits do not appear on the bank statement. 4. Outstanding cheques as below: Cheque No. Amount (RM) K119 2,250 K 120 6,680 K121 670 K122 9,640 5. EFT receipt for business revenues of RM1,200 and EFT payment for business expenses of RM800. 6. Collection for note receivable by the bank of RM5,200. 7. One dishonored cheque from Colada Berhad of RM3,600. 8. Recorded cheque K137 for RM5,740. The amount actually paid to Trouit Berhad on account was RM5,560. 9. Service charge incurred by the bank of RM80. Required: Prepare a bank reconciliation for Kuro Berhad at 30 June 2021. (10 marks)Step by Step Solution
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