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. . Question 5 - Prepare bank reconciliation and required adjusting journal entries for Blue Company for June 30, 2019 using the following information: 40

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. . Question 5 - 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 $40,206 The balance on the cash account in the book on June 30, 2019 books is $31412. The accountant mistakenly recorded a $325 cash payment as $124. The bank mistakenly recorded a deposit of $4,300 into Blue Company account on June 18 that was made by a different company The bank statement indicated bank service charges of $55 for June 2019. Outstanding cheques as of June 30, 2019, amount to $5,725. Deposits in transit as of June 30, 2019, amount to $1275. . . . . 2

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