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Complete a bank reconcilliation for Smith cafe Ltd at April

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Reference no: EM132812939

Question - Smiths Cafe had the following bank transactions for month of April 2022

Unadjusted balance per books April 30 $2805

Unadjusted balance per bank statement April 30 $11,400

Cheques written in April but still outstanding $6000

Cheques written in March but still outstanding $2,800

Deposits of April 30 not yet recorded by bank $6,100

A customers cheque for $700 was returned NSF by bank

Cheque #210 for $594 was correctly issued and paid by bank but incorrectly entered in general journal as a payment on account for $549.

Bank service charge for April was $50

A payment on account (cheque 318) was incorrectly entered in the general journal and posted to the general ledger as $824. However it had been correctly prepared for $284. The cheque cleared the bank in April.

Electronic collections on account totalled $6,150 and have not yet been recorded by the company.

Required -

a) Complete a bank reconcilliation for Smith's cafe Ltd. at April 30.

b) Complete the corresponding journal entries that are required as a result of bank reconciliation.

Reference no: EM132812939

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