On June1, Flor Rosales received her bank statement for May from the bank together with the cancelled checks. Her bank balance on that date was ₱26,270.10 while her checkbook balance was ₱23,839.60. In comparing the cancelled checks with her checkstub, she found the following checks outstanding: #255 for ₱1,350 and #261 for ₱1,500. She also found the following: a deposit made on May 31 in the amount of ₱720 was not recorded in the bank statement; a deposit of ₱2,235 was recorded on the stub as ₱1,235; a check of ₱1,050 was written as ₱1,450 on the stub. There are also other discrepancies on the stub; a check of ₱1,350 was omitted and a deposit of ₱306 was not recorded; and there is also a service fee of ₱55.50. Prepare a reconciliation statement.
6. On June1, Flor Rosales received her bank statement for May from the bank together with the cancelled checks. Her bank balance on that date was ₱26,270.10 while her checkbook balance was ₱23,839.60. In comparing the cancelled checks with her checkstub, she found the following checks outstanding: #255 for ₱1,350 and #261 for ₱1,500. She also found the following: a deposit made on May 31 in the amount of ₱720 was not recorded in the bank statement; a deposit of ₱2,235 was recorded on the stub as ₱1,235; a check of ₱1,050 was written as ₱1,450 on the stub. There are also other discrepancies on the stub; a check of ₱1,350 was omitted and a deposit of ₱306 was not recorded; and there is also a service fee of ₱55.50. Prepare a
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