Prepare hunter photography's bank reconciliation at 30 November E8-7 Preparing a bank reconciliation [10-20 min]Hunter Photography's cheque book lists the following:Cheque no. ItemDateNov 149131418262830622623624625626627Other charges:Printed chequesService chargeArt CaféDividends receivedCashOffice SuppliesBent Tree ApartmentsService revenueHunter's November bank statement shows the following:BalanceAdd: DepositsDebit cheques:No.622623624625Photo SuppliesUtilitiesAmount$ 15Cheque Deposit55115*60$1555756085265$ 1301210$3520Balance$ 5405256556005254653801151 325$540130(245)(55)$370Balance* This is the correct amount for cheque number 624.RequirementPrepare Hunter Photography's bank reconciliation at 30 November. How much cash does thebusiness actually have on 30 November? Journalise any transactions required from the bankreconciliation.

A bank reconciliation statement is a summary of banking and business activities that checks that the…

Hunter's November bank statement shows the following: Balance Add: Deposits Debit cheques: Other charges: Printed cheques Service charge No. 622 623 624 625 Amount $ 15 55 115* 60 $35 20 $540 130 (245) (55) $370 Balance * This is the correct amount for cheque number 624. Requirement Prepare Hunter Photography's bank reconciliation at 30 November. How much cash does the business actually have on 30 November? Journalise any transactions required from the bank reconciliation.

Hunter's November bank statement shows the following: Balance Add: Deposits Debit cheques: Other charges: Printed cheques Service charge No. 622 623 624 625 Amount $ 15 55 115* 60 $35 20 $540 130 (245) (55) $370 Balance * This is the correct amount for cheque number 624. Requirement Prepare Hunter Photography's bank reconciliation at 30 November. How much cash does the business actually have on 30 November? Journalise any transactions required from the bank reconciliation.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Prepare hunter photography's bank reconciliation at 30 November

E8-7 Preparing a bank reconciliation [10-20 min]
Hunter Photography's cheque book lists the following:
Cheque no. Item
Date
Nov 1
4
9
13
14
18
26
28
30
622
623
624
625
626
627
Other charges:
Printed cheques
Service charge
Art Café
Dividends received
Cash
Office Supplies
Bent Tree Apartments
Service revenue
Hunter's November bank statement shows the following:
Balance
Add: Deposits
Debit cheques:
No.
622
623
624
625
Photo Supplies
Utilities
Amount
$ 15
Cheque Deposit
55
115*
60
$15
55
75
60
85
265
$ 130
1210
$35
20
Balance
$ 540
525
655
600
525
465
380
115
1 325
$540
130
(245)
(55)
$370
Balance
* This is the correct amount for cheque number 624.
Requirement
Prepare Hunter Photography's bank reconciliation at 30 November. How much cash does the
business actually have on 30 November? Journalise any transactions required from the bank
reconciliation.

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