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Sydney Ltd just received the 30 June 2022 bank statement from Mercantile bank showing a balance of $24,925. To prepare the Sydney Ltd's bank

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Sydney Ltd just received the 30 June 2022 bank statement from Mercantile bank showing a balance of $24,925. To prepare the Sydney Ltd's bank reconciliation, you gather the following information: (i) Sydney's Cash account shows a balance of $19,500 on 30 June. (ii) The following cheques of Sydney are outstanding on 30 June 2022: Cheque no. 201 Amount ($) 700 225 300 230 400 235 600 (iii) On 30 June 2022, Sydney deposited a cheque for $900, but this deposit doesn't appear on the bank statement. (iv) In June 2022, Sydney earned $110 for the interest revenue on its bank balance. (v) Sydney collects money from a few customers by Electronic Funds Transfer (EFT). The 30 June Bank statement shows a $5,500 deposit by a customer. (vi) Sydney's Bank statement shows a $25 bank service charge. (vii) Sydney's Bank statement shows that the customer cheque no. 501 was deposited as $140. The accounting records show the cheque no. 501 deposit as $1,400 Required: Prepare the bank reconciliation for Sydney Ltd at 30 June 2022 (10 marks)

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