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Task Four: (LO4) On 31st December 2019, the cash account of sole trader Sky Company showed a debit balance of BHD5,300. Bank balance showed a
Task Four: (LO4) On 31st December 2019, the cash account of sole trader Sky Company showed a debit balance of BHD5,300. Bank balance showed a total of BHD6,000. A comparison with the bank statement revealed the following: Required: Prepare adjusted cash book & bank reconciliation. 1) Deposits in transit totaling to BHD400. 2) Outstanding checks amounting to BHD830. 3) Standing order representing BHD150 automatic payment for rent expense. 4) Interest of BHD2,024 received on bank deposit 5) Bank charges of BHD104 6) NSF (No Sufficient Funds - bounced) checks of BHD1,500
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