Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can someone help me with this please :) End of Chapter Exercise 7.4 Shoe City Pty Ltd's bank reconciliation clerk is unable to reconcile the
Can someone help me with this please :)
End of Chapter Exercise 7.4 Shoe City Pty Ltd's bank reconciliation clerk is unable to reconcile the bank balance at 31 January. The balance of the cash at bank account, before any entries for transactions initiated by the bank, was $4,629.30 in the company records. The clerk's attempt at the bank reconciliation statement is as follows. $4,357.00 509.00 28.00 Cash balance as per bank statement Add: Dishonoured cheque Less: Bank charges Less: Outstanding deposits Add: Unpresented cheques Cash balance as per company records 679.30 944.00 $5,102.70 x Your answer is incorrect. Try again. Prepare a correct bank reconciliation. Shoe City Pty Ltd Dishonoured cheque 509 Add: TBank charges 28 X 537 X Outstanding deposits Less: 679.30 Unpresented cheques 944 Click if you would like to Show Work for this question: Open Show Work Attempts: 1 of 2 usedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started