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prepare correct bank reconciliation Bank Reconcitation prepared by Sophia Collin Images Ltd. Bank Reconciliation As at February 28 Balance per bank statement $ 21,200 Balance

prepare correct bank reconciliation
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Bank Reconcitation prepared by Sophia Collin Images Ltd. Bank Reconciliation As at February 28 Balance per bank statement $ 21,200 Balance per accounting records S 28,200 Add: EFT receipt 2,180 Deposits in transit Correction -insurance 4,460 Add: 270 Less: NSF cheque (1.760) Outstanding cheques Bank charges (4.800) Less: (90) + Reconciled Balance $ 21,040. Reconciled Balance $ 28,620 b) Prepare a corrected Bank Reconciliation. (4 marks) Bank Reconcitation prepared by Sophia Collin Images Ltd. Bank Reconciliation As at February 28 Balance per bank statement $ 21,200 Balance per accounting records S 28,200 Add: EFT receipt 2,180 Deposits in transit Correction -insurance 4,460 Add: 270 Less: NSF cheque (1.760) Outstanding cheques Bank charges (4.800) Less: (90) + Reconciled Balance $ 21,040. Reconciled Balance $ 28,620 b) Prepare a corrected Bank Reconciliation. (4 marks)

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