Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information relates to the cash position of Ana's Hair Salon, owned and operated by Ana T: 1. Cash at Bank account balance in

image text in transcribed
image text in transcribed
The following information relates to the cash position of Ana's Hair Salon, owned and operated by Ana T: 1. Cash at Bank account balance in the ledger as at 30 June 2022:$45,451Dr. 2. The bank statement of Ana's Hair Salon received from its bankers as at 30 June 2022: $47,512Cr. 3. The 30 June receipts amounting to $1,820 have not been deposited. 4. Cheques issued but not presented total $3,468. 5. On 28th June, a $312 cheque was returned marked 'dishonoured: The cheque was forwarded by a new customer, P. Huang (was deposited on 15 June). 6. A $750 deposit made by R. Poem was wrongly credited to the bank account of Ana T. 7. As per the bank statement, the bank has charged the business's account with fees and charges of $25. Required Prepare a bank reconciliation statement at 30 June 2022. (11 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing A Guide For The New Auditor

Authors: David Galloway

3rd Edition

0894136917, 9780894136917

More Books

Students also viewed these Accounting questions