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The following is the bank reconciliation for May 20200, the bank statement for June 2020 and a summary of the cash records for Jun 2020

The following is the bank reconciliation for May 20200, the bank statement for June 2020 and a summary of the cash records for Jun 2020 of Tele Ltd:

The following payments were made during June 2020:

01st Cheque 295 R1 350

04th Cheque 296 R 765

10th Cheque 297 R2 121

17th Cheque 298 R 660

25th Cheque 299 R1 701

30th Cheque 300 R 774

The bank balance in the general ledger on 1 June 2020 was R3530,25 favourable.

The following deposits occurred during June 2020:

04th R1200

10th R2550

15th R3150

25th R2250

30th R1650

Bank reconciliation statement as at 31 May 2020

Balance as per bank statement

Add: Outstanding deposit

Less: Outstanding cheques

No. 290

No. 293

Balance as per general ledger bank account

4239,75

1 848,00

(1 155,00)

(1 402,50)

3530,25

Stable Bank

Bank statement

Date Code Cheque No. Cheques & other debits Deposits Balance

May 31

June 01

03

05

11

12

16

17

26

27

28

SF

SF

Cash fee

SF

Cash fee

SF

Rent

RD (Rice)

SF

SF

295

293

297

298

299

1 350,00

6,75

1 402,50

6,75

10,50

2 121,00

6,75

10,50

660,00

6,00

1 800,00

9,00

9,00

1 701,00

1 848,00

1 200,00

2 550,00

3 150, 00

750,00

2 250,00

4239,75

6087,75

4737,75

4 731,00

3328,50

3321,75

4521,75

7071,75

7061,25

4940,25

4933,50

8083,50

8073,00

7 413,00

7407,00

8157,00

10 497,00

8607,00

8598,00

8589,00

6888,00

Explanation of abbreviations: SF - Service fees, RD - Refer to drawer

ADDITIONAL INFORMATION

  1. A deposit of R850 was made by Miss Wood for rent.
  2. The cheque received from R. Rice was dishonoured due to insufficient funds.

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