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QUESTION B2 (12 marks) Belvedere Limited received its 30 June 2020 bank statement from ABC Ltd in early July 2020. The bank statement was
QUESTION B2 (12 marks) Belvedere Limited received its 30 June 2020 bank statement from ABC Ltd in early July 2020. The bank statement was compared with the cash journals for June 2020 and all entries appearing in the bank statement which had not been entered into the cash journals were entered therein. The cash journals were posted and the resulting balance of the Cash at Bank account at 30 June 2020 was $6 167.24 Dr. The closing balance shown on the bank statement at 30 June 2020 was $5 673.65 CR. The following items which appeared in the cash journals did not appear in the bank statement: were: Deposits made on 30 June of $975.83. Cheques written during June which had not been presented for payment Cheque no. 771 $174.93 779 $202.54 785 $93.77 It was also noted that a cheque written for $98 appeared incorrectly in the Dank statement as $87. Required Prepare Belvedere Limited's bank reconciliation statement as at 30 June 2020.
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