Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Canvas X The bank statement and relevant portions of Lauren Lunch Service cash records for the month ended July 31, 2020 are given below Lauren

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Canvas X The bank statement and relevant portions of Lauren Lunch Service cash records for the month ended July 31, 2020 are given below Lauren Lunch Service Cash Ledger Debit Credit Balance Date Explanation 30 Jun Deposit 2.050.00 12.050.00 1.Jul Cheque 1612 1.250,00 10.800.00 1 Jul Chequr 1613 4.650.00 6.150.00 Jul Cheque 1014 2.500.00 3.650.00 1-Jo Cheque 1615 658.00 2.99200 Cheque 1616 450.00 2.542.00 4.Jul Cheque 1617 1.245.00 1.297.00 9.Jul Deposit 13.240.00 14.537.00 12-01 Cheque 1618 4.003.78 10.533.22 12 Ad Cheque 1619 3.500.00 7,033.22 Canvas - XCODE 18 Jun Deposit 12,000.00 17.788.22 20-Jun Cheque 1621 1.010.00 16.778.22 21-Jun cheque 1622 6,669.00 10.109.22 20- Cheque 1623 1.200,00 8.909.22 26. Cheque 1624 500.00 8,409.22 29-u Deposit 4,500.00 12.909.22 Bank Statement Cheques/Charges Deposits/Credit Balance 10,000.00 #1615 658.00 2050.00 11.392.00 21614 2.500.00 8.892.00 #1613 4,650.00 13.240.00 17.48200 61616 450.00 17.032.00 658.00 2050.00 11.392.00 8.89200 1614 2.500.00 4.650.00 13.240.00 17.482.00 3613 450.00 17.032.00 #1616 1612 1.250.00 15,782.00 1618 3,003.00 12.000.00 24.779.00 1620 1.245 00 23,534.00 N1622 6.069.00 17.465.00 *1617 1.245.00 16.220.00 Bank Service Charge 200.00 16.020.00 Interest 60.00 16,080.00 Notes Cheque #1618 was recorded incorrectly by the bookkeeper for a supplies purchase Cheque 1622 was recorded incorrectly by the bank #1620 1.245.00 23,534,00 21622 6,069.00 17,465.00 #1617 1.245.00 16,220.00 Bank Service Charge 200.00 16,020.00 Interest 60.00 16.080.00 Notes: Cheque #1618 was recorded incorrectly by the bookkeeper for a supplies purchase. Cheque #1622 was recorded incorrectly by the bank. V Prepare the bank reconciliation at July 31, 2020. Also prepare the necessary journal entries for the bank reconciliation Previous No new data to sa

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Resources Audit Analysis Of And Collective Staff Performance

Authors: Hassani Moindjie MLIMI

1st Edition

6203356999, 978-6203356991

More Books

Students also viewed these Accounting questions

Question

To help make your message memorable, reinforce ideas verbally.

Answered: 1 week ago

Question

What is conservative approach ?

Answered: 1 week ago