Prepare a bank reconciliation on 30 June 2022 based on the information provided below. Show all your calculations. The following information relates to the cash position of Canada Ltd. 1. Cash at Bank account balance on 30 June 2022: $45 351 debit. 2. Bank statement balance on 30 June 2022: $47 512 credit. 3. On 30 June receipts amounting to $1 420 have not been deposited. 4. Cheques issued but not presented total $3 268. 5. A $212 cheque was returned marked ‘dishonored’ (NSF). The cheque had been received from B Simpson, a new customer. 6. A $550 deposit made by L. Rich was incorrectly credited to the bank account of Canada. 7. The bank statement shows that the bank has charged the business’s account with fees and charges of $25.
Prepare a bank reconciliation on 30 June 2022 based on the information provided below. Show all your calculations.
The following information relates to the cash position of Canada Ltd.
1. Cash at Bank account balance on 30 June 2022: $45 351 debit.
2. Bank statement balance on 30 June 2022: $47 512 credit.
3. On 30 June receipts amounting to $1 420 have not been deposited.
4. Cheques issued but not presented total $3 268.
5. A $212 cheque was returned marked ‘dishonored’ (NSF). The cheque had been received from B Simpson, a new customer.
6. A $550 deposit made by L. Rich was incorrectly credited to the bank account of Canada.
7. The bank statement shows that the bank has charged the business’s account with fees and charges of $25.
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