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Make a bank reconciliation and any adjusting entries

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Question - Calculate the balance of Share capital and Retained Earnings accounts at 31 December 2019 (Profit for the year ended 31 December 2019 was $800,000):

Using the following information, make a bank reconciliation and any adjusting entries necessary as a result of the bank reconciliation for Balmoral Ltd for 30 April

a. The bank statement balance is $9,100.

b. The cash account balance is $7,412

c. Outstanding cheques totalled $1,600.

d. Outstanding deposit $300.

e. The bank service charge is $12.

f. Collection of a note receivable by bank, $400.

Reference no: EM132662967

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