Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 - Prepare bank reconciliation and required adjusting journal entries for Blue Company for June 30, 2019 using the following information: 40 marks The

image text in transcribed
Question 3 - Prepare bank reconciliation and required adjusting journal entries for Blue Company for June 30, 2019 using the following information: 40 marks The balance on the June 30, 2019 bank statement is $45,416. The balance on the cash account in the book on June 30, 2019 books is $.47,216 The accountant mistakenly recorded a $250 cash receipt as $205, The bank mistakenly recorded a deposit of $4,000 made by Blue Company on June 10 into the account of different company, The bank statement indicated bank service charges of $45 for June 2019. Outstanding cheques as of June 30, 2019, amount to $3,200. Deposits in transit as of June 30, 2019, amount to $1,000

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

Recommended Textbook for

Standards On Auditing For Ca Students

Authors: Anshul Mittal

1st Edition

8182964962, 978-8182964969

More Books

Students also viewed these Accounting questions