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The following information is available for Brandons Skateboards for the month ended 30 June 2012: Unadjusted ledger bank balance $9,232.28 Dr. Balance as per bank
The following information is available for Brandons Skateboards for the month ended 30 June 2012: Unadjusted ledger bank balance $9,232.28 Dr. Balance as per bank statement $8,779.54 Cr. Cheque 599 was correctly recorded on the bank statement for $420 but incorrectly recorded in the cash payments journal for $240. Unpresented cheques: 608 $1,940.52 612 $1,688.00 A deposit of $5,562.26 had not yet been recorded by the bank. Included on the bank statement was a dishonoured cheque written by T. Rafter to Brandons Surfboards for $279. A bank statement credit on 21 June indicated an electronic transfer of $1,975 for a loan repayment (includes interest revenue of $75). The bank statement showed account fees of $35. Required: a) Set up the cash at bank account (T account format), enter the necessary adjustments to update the account to 30 June 2012 and balance the account
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