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The following information is for ABC Ltd. in July: 1.Cash balance per bank, July 31, $10,670 2.Cash balance per books, July 31, $8,953 3.Bank service
The following information is for ABC Ltd. in July: 1.Cash balance per bank, July 31, $10,670 2.Cash balance per books, July 31, $8,953 3.Bank service charge, $40 4.Deposits in transit, $1,968 5.Electronic receipts from customers in payment of their accounts, $1,276, not previously recorded by the company 6.Outstanding cheques, $2,359 7.Cheque #373 was correctly written in the amount of $890 but was incorrectly recorded by the company's bookkeeper as $980. The cheque was written for the purchase of office supplies. 1.Cash balance per bank, July 31, $10,670 2.Cash balance per books, July 31, $8,953 3.Bank service charge, $40 4.Deposits in transit, $1,968 5.Electronic receipts from customers in payment of their accounts, $1,276, not previously recorded by the company 6.Outstanding cheques, $2,359 7.Cheque #373 was correctly written in the amount of $890 but was incorrectly recorded by the company's bookkeeper as $980. The cheque was written for the purchase of office supplies. Instructions: (a) Prepare the bank reconciliation at July 31
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