Question
The following information is available by comparing the records of the ABC Company's cash at bank account balance with their most recent bank statement: a)
The following information is available by comparing the records of the ABC Company's cash at bank account balance with their most recent bank statement:
a) Debit balance as per cash at bank account in ledger as at 30 June, $13,809
b) Credit balance as per bank statement as at 30 June, $ 17905
c) Deposits not reflected on bank statement, $1980
d) Unpresented cheques (issued by the companies) at 30 June, $6186
e) Error by bank - XYZ company's cheque payment charged to ABC Company's account, $520
f) Cheque for advertising expense for $680 incorrectly recorded as $ 1040 by the company
g) Service charge on bank statement, $50
Required: Prepare bank reconciliation statement as at 30 June
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