In June 30, 2023, ABC Company has the following information (Amounts in Saudi Riyal) Bank statement indicated a balance of 100,000 The cash general ledger account on that date shows a balance of 120,000 The ABC's accountant provided Additional information necessary for preparing the ABC's reconciliation statement: - A 10,000 check sent to the bank for deposit but has not yet reached the bank at the statement date. - The bank returned a customer's NSF check for 26,000 received as payment on account receivable. - A 500 deposit by Z Company was erroncously credited to ABC account by the bank. - The bank statement showed 500 interest earned during June. - Outstanding checks totalled 15,000. Required: a. Prepare a June 30 bank reconciliation statement for ABC Company. b. Prepare adjusting entries Answer: In June 30, 2023, ABC Company has the following information (Amounts in Saudi Riyal) Bank statement indicated a balance of 100,000 The cash general ledger account on that date shows a balance of 120,000 The ABC's accountant provided Additional information necessary for preparing the ABC's reconciliation statement: - A 10,000 check sent to the bank for deposit but has not yet reached the bank at the statement date. - The bank returned a customer's NSF check for 26,000 received as payment on account receivable. - A 500 deposit by Z Company was erroncously credited to ABC account by the bank. - The bank statement showed 500 interest earned during June. - Outstanding checks totalled 15,000. Required: a. Prepare a June 30 bank reconciliation statement for ABC Company. b. Prepare adjusting entries