Question
We have discussed the business of H&H Company during our interactive tutorials. The business owner of H&H Company is struggling to reconcile his Cash at
We have discussed the business of H&H Company during our interactive tutorials. The business owner of H&H Company is struggling to reconcile his Cash at Bank account's balance in his ledger with his bank statement's balance. Therefore, he approached you to prepare the bank reconciliation statement. For this purpose, you have been provided with the following information: The Cash at Bank account in his ledger indicates the debit balance of $8 429.60. This balance is different from the balance that appeared on the bank statement. The bank statement reveals a credit balance of $11 240.20. It is observed that the deposits of $1 253.33 are not reflected on the bank statement. The cheques of $4 123.93 are un-presented on the last day of the month. The H&H is unaware of the bank charges of $20.00. Therefore, these charges are not recorded in the book. The cheque of $280 of the B&B Company is erroneously charged to the H&H Company. A cheque of $320 is erroneously recorded as $560 in the books of H&H Company. Required: Prepare the bank reconciliation statement at 30th June 2022
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