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The bookkeeper for Sunland Manufacturing Ltd. was trying to determine what Items would be used in preparing the company's bank reconciliation that she is completing
The bookkeeper for Sunland Manufacturing Ltd. was trying to determine what Items would be used in preparing the company's bank reconciliation that she is completing at May 31, 2018, which was the company's first month of operations. The company's bank statement showed the following SUNLAND MANUFACTURING LTD. Bank Statement May 31 Amounts Amounts Added Deducted from to Account Date Description Account (Debits) (Credits) Balance May 1 Deposit 24,000 24,000 3 Cheque, No. 001 1.610 22,390 5 Cheque, No. 002 7,350 15.040 15 Deposit 5.080 20.120 19 Cheque, No. 004 8,200 11.920 21 Cheque, No. 006 1,070 10.850 25 Returned cheque-NSF. S. Gillis 1,360 9.490 25 NSF fee 24 9,466 27 Cheque, No. 009 2,070 7,396 28 Cheque, No. 010 1.980 5,416 31 Bank service charges 42 5,374 Sunland's cash receipts summary (which were all deposited) and cheque summary (which were all malled out to suppliers) for the month of May showed the following: Cash Receipts Date Amount May 1 $24,000 15 5.080 31 7,610 $36,690 Cash Payments Date Number Amount May 2 001 $1,610 002 7,350 14 003 1,540 15 004 8,200 3 18 005 19 006 007 320 1,070 2,060 22 23 25 26 008 009 580 2,070 1,980 010 $26,780 le) Prepare Sunland's bank reconciliation at May 31 and determine the company's reconciled cash balance. (List items that increase balance as per bank & books first) SUNLAND MANUFACTURING LTD Bank Reconciliation May 31 $ $ $ yg $
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