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Exercise 3 - Preparing bank reconciliation Hunter Photography's cheque book lists the following: Cheque no. Item Cheque Deposit Balance Date Nov 1 $540 Nov 4
Exercise 3 - Preparing bank reconciliation Hunter Photography's cheque book lists the following: Cheque no. Item Cheque Deposit Balance Date Nov 1 $540 Nov 4 622 Art Cafe $15 $525 Nov.9 Dividends received $130 $655 Nov 13 623 Photo supplies $55 $600 Nov 14 624 Utilities $75 $525 Nov. 18 625 Cash $60 $465 Nov. 26 626 Office supplies $85 $380 Nov. 28 627 Bent tree apartments $265 $115 Nov. 30 Service revenue $1,210 $1,325 Hunter's November bank statement shows the following: Balance $540 Add: Deposits $130 Debit cheques: No. Amount 622 $15 623 $55 624 $115 625 $60 Other charges: ($245) Printed cheques $35 Service charge Balance $20 ($55) *This is the correct amount for cheque number 624. $370 Requirement Prepare Hunter Photography's bank reconciliation at 30 November, How much cash does the business actually have on 30 November? Journalise any transactions required from the bank reconciliation, O
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