Question
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
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