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TOTURIAL 5 The cash accounts for Mountain Bike Co. at 1 July 2010 indicated a balance of RM12 470 During July, the total cash deposited

TOTURIAL 5

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The cash accounts for Mountain Bike Co. at 1 July 2010 indicated a balance of RM12 470 During July, the total cash deposited was RM26.650 and checks written totaled RM31,500. The bank statement indicated a balance of RM16,750 on 31 July. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items

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