G HI5001 Final Assessment T1 2022 - Word File Home Insert Design Layout References Mailings Review View Help Cut Calibri (Body) 11 A A Aa Copy Paste BIU abc x, x A v Format Painter Clipboard Font Paragraph sabin shrestha Tell me what you want to do AaBbC AaBbCcD AaB AaBbCcDc AaBbCcDc AABBC AaBbCcDc Strong 11 STUDENT Subtitle Question 1 1 body tex... Emphasis Heading 1 Normal Styles [o marks) You have been approached by the owner of Energy Boost who wants a bank reconcile statement to be prepared for the month ended 31 May 2022. The following information is produced by comparing the accounting records of Energy Boost with their bank statement received at the end of May: a. Debit balance as per cash at bank account in Energy Boost as at 31 May, $106,210 b. Credit balance as per bank statement as at 31 May, $141,624 c. Deposits not reflected on bank statement, $17,556 d. Unpresented cheques at 31 May, $52,370 e. Service charge on bank statement, $210 f. Interest earned on bank account, $105 g. Cheque for insurance expense, $7,520 incorrectly recorded in books as $8,275 h. A dishonoured cheque written by a client James Smith, $5,460 i. Electronic transfer from a customer Andy Jones of $5,410 The entity doesn't use special journals for record keeping. Required: a) Prepare a bank reconciliation statement for Energy Boost at 31 May 2022. (6 marks) b) Explain to the owner why a bank reconciliation is prepared. (2 marks) Find Share ac Replace Select Editing