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Question 4 You have just received the 30 June 2020 bank statement of Zoom Electronics from Costco Bank. To assist you in your bank reconciliation,

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Question 4 You have just received the 30 June 2020 bank statement of Zoom Electronics from Costco Bank. To assist you in your bank reconciliation, you have gathered the following information: 1) Zoom Electronics' cash account shows a balance of $2,900 on 30 June. ii) The bank statement includes two dishonoured cheques from customers of $400 (cheque number 190) and $110 (cheque number 192). The following Zoom Electronics cheques are outstanding at 30 June: Cheque number Amount Cheque number 137 188 191 194 195 196 Amount ($) 50 170 520 580 50 140 iv) vi) vii) Zoom Electronics collects from some customers through EFT. The June bank statement lists a $1,300 EFT deposit for a collection on account. The bank statement includes two deposits that Zoom Electronics has not recorded yet: $970 for dividend revenue and $80 interest revenue earned./ The bank statement included a $30 bank service charge. On 30 June, Zoom Electronics deposited $350 but this deposit is not reflected on the bank statement. The bank statement included a $1,000 deduction for a cheque drawn by Webex Ltd. Zoom Electronics has notified the bank of this error. The 30 June 2020 bank balance is $4,870. vili) ix) Requirements: a) Prepare the bank reconciliation for Zoom Electronics at 30 June 2020. b) Record the necessary journal entries (including narrations) from the bank reconciliation

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