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Question 2/20marks] Below are the transactions of Intell trading Bank Statement and Cash Book as at Feb 28, 2020 Intell Trading is closing its
Question 2/20marks] Below are the transactions of Intell trading Bank Statement and Cash Book as at Feb 28, 2020 Intell Trading is closing its books and must prepare a bank reconciliation for the following items: Bank statement contains an ending balance of RM300,000.00 on February 28, 2020, whereas the company's ledger shows an ending balance of RM260,900.00. Bank statement contains a RM100.00 service charge for operating the account. Bank statement contains interest income of RM20.00 Intell issued checks of RM50,000.00 that have not yet been cleared by the bank Intell deposited RM20,000.00 but this did not appear on the bank statement A check for the amount of RM470.00 issued to the office supplier was misreported in the cash payments journal as RM370.00. A note receivable of RM9,800.00 was collected by the bank. A check of RM520.00 deposited by the company has been charged back as Non-Sufficient Fund (NSF). You are required to: a. Update IntellTrading Cashbook as at 28th February 2020. b. Prepare Bank Reconciliation as at 28th February 2020. [10 marks] [10 marks]
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