Question
The following are the transactions of Capstone Corporation for the month ended June 30,2019. Reconcile the Bank and Book balances for the month ended June
The following are the transactions of Capstone Corporation for the month ended June 30,2019. Reconcile the Bank and Book balances for the month ended June 30,2019. Make sure you show all your workings, including accounting for each transaction rather than lump sum totals. 1. The balance in the bank statement of the corporation at June 30,2019 was $5,642 2. The balance in the corporations books at June 30,2019 was $8,314 3. The outstanding cheques at the end of the month were: a) Cheque # 882: $2,660 b) Cheque # 876: $ 130 c) Cheque # 884: $ 860 d) Cheque # 886: $ 250 4. The bank put through a DM (Debit Memo) of $220 and service charge of $80 at June 29,2019
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