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Bank Reconciliation Raal Co is reconciling it's bank statement cash balance with the company's record's bank balance. The bank statement lists bank balance at $8
Bank Reconciliation Raal Co is reconciling it's bank statement cash balance with the company's record's bank balance. The bank statement lists bank balance at $8 960 and the company records show the bank balance to be $10 935. The accountant working at Raal Co looks at the bank statement and it gives the following information. Service charge for banking activities- -$ 75 Interest revenue--- -$ 40 Non Sufficient Funds cheque from customer----$900 The accountant notices that a deposit for $2 400 deposited on the weekend was not shown on the bank statement, and two cheques written by Raal for $640 and for $720 were not cashed. 10m Prepare a bank reconciliation statement for Raal Company for Oct 31,2020
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