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German LLCs books show a cash book balance of OMR 5,445 on September 30, 2021. The bank statement for the period shows a balance of
German LLCs books show a cash book balance of OMR 5,445 on September 30, 2021. The bank statement for the period shows a balance of OMR4,115. A detailed examination of Companys records and bank statement revealed the following information:
- Bank collected a 3 month note OMR xx and charged a collection fee OMR xx.
- Company cheque for OMR 676 dated on September 12 to settle an account payable, was cleared on September 20. The company recorded this cheque for OMR 667.
- A cheque received from a customer, returned by the bank as NSF OMR xx.
- An EFT (Electronic Fund Transfer) receipt for the dividend earned OMR xx on the investment made, not included in the books.
- A review of bank statement revealed that a cheque written by Gerund LLC for OMR xx is incorrectly drawn against German LLC.
- As per the bank statement it is shown that a note for OMR xx with OMR xx interest has been collected by the bank. This transaction is not seen in the companys statement.
Required:
Prepare a bank reconciliation statement for German LLC for the month of September 2021.
Note: Fill the highlighted fields with imaginary amounts before you begin. Make sure that the adjusted cash balance and bank balances are same after reconciliation.
Please solve it on table step-by-step
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