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Question 6 (7 marks) Using the following information, prepare a bank reconciliation for Biron Bay Ltd for 31 May. a. The bank statement balance is
Question 6 (7 marks)
Using the following information, prepare a bank reconciliation for Biron Bay Ltd for 31 May.
a. The bank statement balance is $18,200.
- The cash account balance is $14,824.
- Outstanding cheques totalled $3,200.
- Deposits in transit are $600.
- The bank service charge is $24.
- Collection of note by bank, $800.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
