bank reconcilation questions On September 30th, the Cash account recorded in the ledger displayed a bank balance of $6,450. James, the proprietor of Harbour Tours, has reason to believe that the cashier is embezzling funds. However, the bank statement from September 30th shows the following: • • 1. 2. Balance of $4,300, including a $200 collection by the bank; A $10 charge for services and a $40 cheque that was not honoured; There is also a deposit of $3,000 that has not been recorded in the bank yet. Outstanding cheques as of September 30th are also listed. Chq234 $100 Chq 345 $300 Chq 446 $600 Chq 701 $200 James, the owner of Harbour Tours, is concerned about potential theft by the cashier handling all cash transactions, making bank deposits, writing cheques, and reconciling the monthly bank statement. He has sought your assistance to determine if theft has occurred and the amount involved. Perform your bank reconciliation and identify the difference (if any) between both cash accounts. `
bank reconcilation questions On September 30th, the Cash account recorded in the ledger displayed a bank balance of $6,450. James, the proprietor of Harbour Tours, has reason to believe that the cashier is embezzling funds. However, the bank statement from September 30th shows the following: • • 1. 2. Balance of $4,300, including a $200 collection by the bank; A $10 charge for services and a $40 cheque that was not honoured; There is also a deposit of $3,000 that has not been recorded in the bank yet. Outstanding cheques as of September 30th are also listed. Chq234 $100 Chq 345 $300 Chq 446 $600 Chq 701 $200 James, the owner of Harbour Tours, is concerned about potential theft by the cashier handling all cash transactions, making bank deposits, writing cheques, and reconciling the monthly bank statement. He has sought your assistance to determine if theft has occurred and the amount involved. Perform your bank reconciliation and identify the difference (if any) between both cash accounts. `
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