Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer 3) (8 marks) Marmidan Limited had the following accounting information available for December 31, 2017: Balance of bank account per the general ledger

Please answer image text in transcribed
image text in transcribed
3) (8 marks) Marmidan Limited had the following accounting information available for December 31, 2017: Balance of bank account per the general ledger at Dec. 31, 2017 S 11.883 The following information was contained in the company's December 31, 2017 bank Balance of bank account per bank statement at Nov. 30, 2017 $ 8,910 104.950 113.860 Add: December deposits Deduct: Cheques paid in December - 101,400 Bank service charge Debit memo for electric bill 50 102,250 S 11610 A comparison of company records with the bank statement provided the following data: Balance of bank account per bank statement at Dec. 31, 2017 Deposits in transit Outstanding cheques At Dec. 31. 2017 $ 4,580 5,157 Required: I. Prepare the bank reconciliation for Marmidan Limited at December 31, 2017 and calculate the true bank balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Assurance Services An Integrated Approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley

11th Edition

0131867121, 978-0131867123

More Books

Students also viewed these Accounting questions