Question
The following information is for Pharoah Company in September: 1. Cash balance per bank, September 30, $6,600. 2. Cash balance per books, September 30, $4,870.
The following information is for Pharoah Company in September:
| 1. | Cash balance per bank, September 30, $6,600. | |
| 2. | Cash balance per books, September 30, $4,870. | |
| 3. | Outstanding cheques, $3,090. | |
| 4. | Bank service charge, $20. | |
| 5. | NSF cheque from customer, $230. | |
| 6. | Deposits in transit, $1,228. | |
| 7. | EFT receipts from customers in payment of their accounts, $82. | |
| 8. | Cheque #212 was correctly written and posted by the bank as $426. Pharoah Company had recorded the cheque as $462 in error. The cheque was written for the purchase of supplies. |
Prepare a bank reconciliation at September 30, 2021. (List items that increase balance as per bank & books first.)
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Principles Of Islamic Accounting
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
1st Edition
1119023297, 9781119023296
