the questions are provided in the instructions
Bank reconciliation Now that you have completed the end of month posting procedure, you are required to prepare a bank reconciliaton as at June 30,2023. The purpose of the bank reconciliation process is to reconcile the balance of cash shown in the company's ledger account against the balance of cash reported in the bank statement. Instructions for bank reconciliation 1) Prepare the bank reconciliation statement as at June 30 , 2023. To do this, you will need to use: - the previous month's bank reconciliation statement, and - the current month's bank statement 0 and cash journals Note that the bank reconciliation statement provided below may contain more rows than required. 2) Use the bank reconciliation statement to record the relevant reconciling items in the general journal. 3) Post entries recorded in the general journal to the appropriate ledger accounts according to the company's accounting policies and procedures". 4) Record the updated balance of each ledger account in the Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Balance row must still be filled out in order to receive full points. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Remember: - Enter all answers to the nearest whole dollar. - There may be entries in the general journal that require posting to both a control account and a subsidiary ledger. In these cases, after you have posted to both ledgers, vou should enter the reference for both the aeneral GENERAL JOURNAL SUBSIDIARY LEDGERS Account: ARC - Turbo Tech Account No. 1105 Account: ARC - Hypertronics Account No. 110-6 GENERAL LEDGER (Q=825100. Cash_bankRec) Account: Cash Account No. 100 Account: ARC - Accounts Receivable Control Account No. 110 Account: APC - Accounts Payable Control Account No. 210 Account: Interest Revenue Account No. 403 Account: Interest Expense Account No. 571 Account: Admin. Expense - Bank Charges Account No. 572 ( Q=825403. InterestRevenue_bankRec) ( Q=825=571.InterestExpense_bankRec) (Q=825572. BankCharges_bankRec) Bank reconciliation statement May Bank statement June Tech Head Last stabersent to This statement to Totak dents Total orodits Final balance Proceeds of checks will not be available until cleared. All entries for the last business day are subject to verification and authorization. Any items not paid, or withdrawn, will be adjusted by reversal entry on a later statement. NSF means Not-Sufficient-Funds. CASH RECEIPTS JOURNAL CASH PAYMENTS JOURNAL Bank statement June Tech Head Last stabement to This statement to Total debits Total orodits Final batance Proceeds of checks will not be available until cleared. All entries for the last business day are subject to verification and authorization. Any items not paid, or withdrawn, will be adjusted by reversal entry on a later statement. NSF means Not-Sufficient-Funds
