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The bank statement of GBE Pte Ltd dated 30 June 20X3 showed a balance of $45,030. The company's accounting records for its cash account on
The bank statement of GBE Pte Ltd dated 30 June 20X3 showed a balance of $45,030. The company's accounting records for its cash account on the same date showed a balance of $36,000. The following additional information is available:
- A cheque dated 15 June amounting to $2,300 was issued to a supplier but was not yet presented for payment by the supplier.
- The $320 cheque received from a customer for an outstanding accounts receivable was deposited by GBE Pte Ltd but had been listed by the bank as non-sufficient funds (or NSF).
- Bank charges of $50 were recorded in the bank statement but not in the company's records.
- The bank statement showed that the company's deposits earned an interest of $530.
- A cheque of $930 was deposited by GBE Pte Ltd in the cheque deposit box on 29 June 20X3 but was not yet reflected in the bank statement.
- A note receivable amount of $7,500 was collected by the bank on behalf of the company.
Required:
Present a bank reconciliation statement using the above information.
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