Question
The following information is available for Blue Moon Company regarding its June 30, 2017, bank statement: - Balance per bank statement is $10,300.34. - Balance
The following information is available for Blue Moon Company regarding its June 30, 2017, bank statement:
- Balance per bank statement is $10,300.34.
- Balance per books is $9,652.78. Cheque #506 for $1,948.52 and cheque #510 for $1,600.25 were not returned with the June 30 bank statement.
- A deposit in transit of $4,562.21 had not been received by the bank when the bank statement was generated.
- A bank debit memo indicated an NSF cheque written by Bruce Garrett to Blue Moon Company on June 13 for $279.
- A bank credit memo indicated a bank collection of $1,900 and interest revenue of $75 on June 20.
- The bank statement indicated service charges of $35.
Prepare a bank reconciliation for Blue Moon Company dated June 30, 2017 showing both the Book balance and Bank Balance reconciliation(10 Marks)
The following information is available for Blue Moon Company regarding its June 30, 2017, bank statement:
- Balance per bank statement is $10,300.34.
- Balance per books is $9,652.78. Cheque #506 for $1,948.52 and cheque #510 for $1,600.25 were not returned with the June 30 bank statement.
- A deposit in transit of $4,562.21 had not been received by the bank when the bank statement was generated.
- A bank debit memo indicated an NSF cheque written by Bruce Garrett to Blue Moon Company on June 13 for $279.
- A bank credit memo indicated a bank collection of $1,900 and interest revenue of $75 on June 20.
- The bank statement indicated service charges of $35.
Prepare a bank reconciliation for Blue Moon Company dated June 30, 2017 showing both the Book balance and Bank Balance reconciliation(10 Marks)
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