Q4

Question 4 The following information is available for the Avira Language Center for the month of September 2021. i. On 30 September, after all transactions have been recorded, the balance in the company's Bank account has a balance of RM27,202. ii. The company's bank statement shows a balance on 30 September of RM29,279. iii. Outstanding cheques at 30 September include cheque number 3030 in the amount of RM1,525 and cheque number 3556 in the amount of RM1,459 iv. A credit memo included with the bank statement indicates that the bank collected RM780 on a noninterest-bearing note receivable for Avira. The bank deducted a RM10 collection fee, and credited the remainder of RM770 to Avira's account. v. A debit memo included with the bank statement shows a RM67 NSF check from a customer, Mr Brown. vi. A deposit placed in the bank's night depository on 30 September totaled RM1,675, and did not appear on the bank statement. vii. Examination of the cheques on the bank statement with the entries in the accounting records reveals that cheque number 3445 for the payment of an account payable was correctly written for RM2,450, but was recorded in the accounting records as RM2,540. viii.Included with the bank statement was a debit memorandum in the amount of RM25 for bank service charges. It has not been recorded on the company's books. Required: a. Prepare the September bank reconciliation for the Avira. (10 marks) b. Prepare the general journal entries to bring the company's book balance of bank into conformity with the reconciled balance as of September 30 2021