Dallas & Reina entered into an agreement on July 1, 2019 to combine their existing landscaping businesses to form a partnership trading as Radar Landscapes.

Dallas 6L Reina entered into an agreement on July 1, 21119 to combine their existing landscaping businesses to form a partnership trading as Radar Landscapes. TASK ONE (10 marks} You have been asked to prepare the June 30 2021} Bank reconciliation for the partnership using the information from the cash records below; The general ledger Cash at Bank account hada DR balance of $4 892 on 1 June. The cash receipts journal showed total cash receipts of $12 006 for the month ofJune. The June bank statement reporteda CR bank balance of $4- 288 on 30 June. Outstanding cheques at the end ofJune were: no. 594= $TIO; no. 598= $368; no. 602. $282 and no. 607. $346 6. ICash receipts of $1 258 for 30 June were placed in the bank's night safe and were not 1. 2. 3. The cash payments journal showed total cash payments of $12 762 for the month ofJune_ 4. 5. included in the June bank statement. 7. Comparison of the presented cheques with the entries in the cash payments journal disclosed that cheque no. 595 for $294: for pmchases expense: had been wrongly recorded as $249. 8. Included on the bank statement were: (3)51 dishonoured cheque written by JJK Ltd: a client: for $641 (bk; debit for a payment authority to a supplier of $598 and a credit for interest on investment of $1 036 (c) account and transaction fees= $48. Required: Prepare a bank reconciliation statement and a balance as per Cash book at 31} June 2021}. (a) Profit Distribution (b) Dallas, Retained Earnings Reina, Retained Earnings