Reference no: EM132476369
The following information is available by comparing the records of the ABC Company's cash at bank account balance with their most recent bank statement:
Point a) Debit balance as per cash at bank account in ledger as at 30 June, $13,809
Point b) Credit balance as per bank statement as at 30 June, $ 17905
Point c) Deposits not reflected on bank statement, $1980
Point d) Unpresented cheques (issued by the companies) at 30 June, $6186
Point e) Error by bank - XYZ company's cheque payment charged to ABC Company's account, $520
Point f) Cheque for advertising expense for $680 incorrectly recorded as $ 1040 by the company
Point g) Service charge on bank statement, $50
Required:
Question 1: Create the bank reconciliation statement as at 30 June