Pn. U LULU Ulice Supplies Problem 7-6B Preparing a bank reconciliation and recording adjustments LO6 CHECK FIGURE: a. Adjusted book balance = $13,929 The bank reconciliation prepared by Village-on-the-Lake Condos on May 31, 2020, is shown below: Village-on-the-Lake Condos Bank Reconciliation May 31, 2020 $ 2.060 Book balance $3,910 Bank statement balance Add: Deposit of May 31 in transit 12,500 $14.560 Deduct Outstanding cheques: #103 #120 Adjusted bank balance. $6,520 4.130 10,650 $ 3,910 Adjusted book balance $3 910 Acc N 101 Ci The Cash account in the general leder appeared as follows on June 10, A list of deposits made and cheques written during June, taken from the cash receipts journal and cich CHAPTER 7 al Control and Cash Date 2020 May 31 Balance 30 30 disbursements journal, is shown below: PO 3,910 42.00 10.729 35 1 CD16 31.861 Cheques Written Deposits Made $ 2.100 No. 127 June 5 450 TO 5500 1.120 5,690 4.510 680 15 20 129 130 131 132 7.830 12.600 27 30 30 Total June Cash Receipts 9,750 196 6.420 4.550 6,340 133 $38.680 134 135 6780 820 Total Junts 115 531 351 The following bank statement is available for June: 136 Bank Statement June 30, 2020 To: Village on the lake Condos Bank of Nova Scotia Cheques Charges Deposit/Credits Balance 2.060 #133 06.02 4.550 06:02 12.500 10.010 06/05 115 06/05 590 10.485 06/10 580 06/10 1.120 10.925 06/15 9.750 06/15 5.690 6,865 #103 06/20 6.520 06/20 4510 2134 06/27 6.780 4,855 7,830 1128 06:30 5,905 SC 06/30 21.655 NSF Noticiers 21.255 INTheres 06/27 030 16.200 450 400 SC = Service Charge PMT Prince Payment 528 CHAPTER 7 internal Control and Cash In reviewing deposits recorded by the bank, the bookkeeper discovered that the deposit from custotner Darla Smith dated June 30, recorded in the cash receipts journal incorrectly as $12,000, was recorded by the bank correctly as $16,200. Required 2. Prepare a bank reconciliation at June 30. b. Prepare the necessary journal entries to bring the general ledger Cash account into agreement with the adjusted balance on the bank reconciliation. Problem 7-7B Preparing a bank reconciliation and recording adjustments L06 CHECK FIGURE: 1. Adjusted book balance - $35.775 ile Frogbox Moving's book Cash balance with its bank state