N Case Analysis 1 Smart Supplies Inc. s operating its business in GTA and dealing with different company maintains its bank account with TD bank. The bank sent end of each moth. Martin the CEO of the organization normally book balance regularly in order to see everything going on smoothly. who maintains cash book gives Martin monthly cash balance in the month of July 2019, Martin noted that there is a big different in warance as per TD Bank statement and the balance as per Cash Book He was confused and could not understand the reason why. He was a understand the reason why. He was also worried to note a huge difference between Cash Book Balance and the B Dank statement balance is much less than the Cash Book Balance. He was surprised thinking wher THIRING where the cash might go from the bank. Martin also not sure how much the cash the company might be having by the end of June. iviartin engaged you as an accountant to let him know why there is a huge different in between the cash book balance and the bank statement The Smart Suplies Inc. is operating it products. The company maintains statement at the end of each moth. Ma check the cash book balance regul The Cashier who maintains ca information. In the month of July between the balance as per TD The business record and the month end bank statement show the following: Balance as per Bank Statement $595. Balance as per Cash Book record $1,882. Sometimes customers send money to the bank by electronic transfer. It is noted in the bank statement that there is an EFT customer collection $300. As the bank provides services to the business normally debit bank charge at a regular interval. The bank statement shows that there was a service charge of an amount $12. The bank statement includes Three NSF (Not Sufficient Funds) from 3 different customers M & Co FM Inc. Muller M The cheque book of the company got ished and the cheque book. The printing charged for the the book statement $9 the chos y ered for a new e The company issued few chegues to the wind customers Cleared by the bank Outstanding Chaus) in the last day cheques are shown below against the customers and CO numa MC Miller CQ No 546 Peter CO No 647 Khan CQ No 764 customers which has not yet the last day of the month These numbers $200 $300 $103 On June 30th the cashier deposited cheques were deposited to cheques (Deposit in Transit) in th is given below: John M. hier deposited three cheques received from customers. These deposited to the bank by the cashier. The bank collected these eposit in Transit) in the month of July. The name of customer CQ number Cou Date Profes Paul S. Gagandeep CQ No 354 CQ No 333 CQ No 435 Heral 1,000 588 200 Do no No par examina unless sp A cheque given for salary during the month $290. By mistake the cashier wrote in the cash book as 29. Coats, jac ar stude adent mus student its are a dent will d to har Required: 1) You need to write a short report to Martin showing how much cash the company exactly had in on 30th June, 2019. The report must include two Bank Reconciliation statement (Starting with Cash Book Balance and Bank Statement Balance). 2) Explain each point why you have deducted or added in your statement