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Company following information is available for preparation of bank reconciliation statement of Wonderiand a. On June of June 30 . shows $132,875 company's Casch books

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Company following information is available for preparation of bank reconciliation statement of Wonderiand a. On June of June 30 . shows $132,875 company's Casch books has a $128,930 debit balance, but its June bank statement On June 30 , Wonderland deposited $8,230 in the bank's night depository, but do not appear on the bank statement. e. Compsisison of canceled checks with its books shows two checks outstanding: No.1125 for $250, and d. The bank statement shows the bank collected a note receivable and increased Wonderland's account for $8,500. The customer's NSF check in the amount of $575 was retumed with the f wing the statement. E. A custome comparison of bank account statement with company's bonth the June bank statememL. (receiving from accounts receivable) ampit with company's books revealed that a customer' s check account. The check was erroneously recorded in tooks was correetly added to the company' s bank. The June statement shows a charge of s50 t in books as $1,100 by the accountant. book. quired: Prepare the bank reconciliation for this company as of June 30 . (12 marks) Prepare the joumal entries necessary to bring the company's book balance of cash into contisrmity wht the reconciled cash balane as of June 30 . Thy firm needs to prepare for a bank reconciliation? (4 marks) tho cash management strategies. (2 marks) (2 marks)

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