Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a bank reconciliation statement as at 31 January 2016, from the information given below: The cash book of Belo corporation showed a balance at

Prepare a bank reconciliation statement as at 31 January 2016, from the information given below: The cash book of Belo corporation showed a balance at the bank of $573600 in hand on 31 January 2016. at the same date the bank statement balance of Belo's account was $44600 overdraw. the different was accounted for as following: 1- cheques for $1,555,000 sent to creditors on 30 January were not paid by the bank until 8 February 2-cheques amounting to $2,520,000 paid into the bank on 31 January were not credited by the bank until 1 February. 3-A standing order for a charitable subscription of $60,000 had been paid by the bank on 21 January but no enter had been made in the cash book. 4-A cheque paid by Belo for rent on 15 January for $345,000 had been entered in his cash book as 354,000. 5-Bank charges for the month of January of $700 were not yet entered in books . 6- A customer's cheque of $2,900 was dishonored and returned by the bank

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

The Leadership Style At PT Tekstil Bandung A Management Audit Investigation Following The Prolonged Economic Slowdown In Indonesia

Authors: Samuel P.D. Anantadjaya, Irma M. Nawangwulan

1st Edition

3659328979, 978-3659328978

More Books

Students also viewed these Accounting questions

Question

Does it use a maximum of two typefaces or fonts?

Answered: 1 week ago