Ayayai Spa shows a general ledger balance for the Cash account of $3.981.35 on June 30 and the bank statement as of that date indicates a balance of $4,155.00. When the statement was compared with the cash records, the following facts were determined: 1. 2. 3. 4. 5. There were bank service charges for June of $27.00. A bank memo stated that Bao Dai's note for $901.00 and interest of $38.00 had been collected on June 29, and the bank had charged $5.00 for the collection. Any interest revenue has not been accrued. Deposits in transit June 30 were $2,893.00. Cheques outstanding on June 30 totalled $2.134.05. On June 29, the bank had charged Ayayai Spa's account for a customer's NSF cheque amounting to $456.20. A customer's cheque received as a payment on account of $88.00 had been entered as $61.00 in the cash receipts journal by Ayayai Spa on June 15. Cheque no.742 in the amount of $489.00 had been entered in the books as $421.00. and cheque no. 747 in the amount of $56.20 had been entered as $579.00. Both cheques were issued as payments on account. In May, the bank had charged a $26.50 Wella Spa cheque against the Ayayai Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. 6. 7. 8. Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first. Round answers to 2 decimal Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, eg. 52.75.) Ayayai Spa Bank Reconciliation June 30 Balance per bank. June 30 4155 Add Deposits in transit 2893 Less Outstanding cheques 2134 Adjusted cash balance. June 30 per bank $ $ Balance per books, June 30 Add $ Note collection Error on cheque no. 747 Error in recording deposit Balance per books, June 30 Add Note collection $ Error on cheque no. 747 Error in recording deposit Less NSF cheque Bank service charges Error on cheque no. 742 V Adjusted balance, June 30 per books $ Prepare any journal entries that are needed to adjust the Cash account at June 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Credit Date June 30 (To correct error and record cash receipts) June 30 (To record NSF cheque and other cash payments) O Type here to search 3