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The cash account of Ramp Ltd. reported a balance of $2,200 at august 31,2020. included were outstanding cheques totalling $750 and an august 31 deposit
The cash account of Ramp Ltd. reported a balance of $2,200 at august 31,2020. included were outstanding cheques totalling $750 and an august 31 deposit of $ 480 that did not appear on the bank statement. the bank statement, which came from Park Bank, listed an august 31, 2020, balance of $2,993 included in the bank balance was an august 30 collection of $540 on account from a customer who pays the bank directly. the bank statement also shows a $ 20 service charge,$ 18 of interest revenue that Ramp earnedon its bank balance, and an NSF cheque for $15
prepare a bank reconciliation to determine how much cash ramp actually has at august 31, 2020
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