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St. 16 points) possible This question: 1 point(5) possible Magnificent Rental Company's general ledger Cash account showed the following transactions during January 2020 i (Click
St. 16 points) possible This question: 1 point(5) possible Magnificent Rental Company's general ledger Cash account showed the following transactions during January 2020 i (Click the icon to view the transactions.) The bank statement for the month ending January 31, 2020, is shown below. Click the icon to view the January bank statement.) Magnificent Rental Company informed its bank that the bank charged a service charge twice. The bank has agreed to reverse one of the bank charges on the next month's bank statement Required Prepare Magnificent Rental Company's bank reconciliation at January 31, 2020. ..... Date Description Dr Cr Balance Jan. 1 Opening balance $ 2,300 2 Deposit $ 23,000 25,300 5 Payment, cheque 233 $ 6,100 19,200 8. Payment, cheque 234 18,900 300 9 Deposit 18,600 18,900 15 Payment, cheque 235 5,900 13,000 18 Deposit 5,200 18,200 26 14,500 3,700 Payment, cheque 236 4,600 9,900 30 Payment, cheque 237 17,000 26,900 31 Deposit Description Withdrawals Deposits Date Balance Balance Forward Jan. 01 2,300 Deposit 23,000 Jan 02 25,300 Chq#00233 6,100 Jan.07 19,200 Deposit 18,600 Jan.09 37,800 18,900 Chq#00234 Jan. 10 18,900 Deposit 24,100 5,2001 Jan. 18 5,900 Jan. 18 Chq#00235 18,200 110 Jan.31 18,090 Service Charge 110 Jan.31 17,980 Service Charge 5 Jan.31 17,985 Interest 31,120 46,805 .. Begin by preparing the bank section of the bank reconciliation. Then, complete the book section of the bank reconciliation Magnificent Rental Company Bank Reconciliation January 31, 2020 BANK Add: Less Less: Cheque Number: BOOKS: BOOKS: Add: Less: OL
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