Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Qnestion 12 The following information is related to the banking transitions for Kamen's Kitchen Lid tor December 2015 . A deposit of S5,794 62 is

image text in transcribed

Qnestion 12 The following information is related to the banking transitions for Kamen's Kitchen Lid tor December 2015 . A deposit of S5,794 62 is in transit Outstanding checks total $1,533.25 The cash book balance is $5,695.62 . The bookkeeper recorded a $1,524.00 check as $15,240 in payment of the current month's rear The bank statement balance at December 31, 2015 was $16,500.25 . A deposit of $300 was credited by the bank for $3,000. . A customer's check for $1,280 was returned for insufficient funds . The bank service charge is $70 Required: 1. 2. Prepare Kamren's Kitchen adjusted cash book for December 31", 2015 (5 Marks) Prepare the bank reconciliation statement for December 31, 2015

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

Students also viewed these Accounting questions

Question

Design a health and safety policy.

Answered: 1 week ago