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Make reconcile diana wonder month end cash balance

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Reference no: EM132660648

Transactions and balances for Diana Wonder are provided below:

  • 31 Jul 2020 Bank Statement balance $ 78,495
  • 31 Jul 2020 balance per Diana's records $ 77,370
  • Diana received a cash payment that she has not deposited $ 380
  • Diana issued a cheque payable to Michael Hill Enterprises that has not been presented to the bank $ 1,499
  • Bank charges for the month of July were $10
  • Interest on bank balance credited to Diana's account $ 16

Required:

Problem 1: a bank reconciliation.

Problem 2: Reconcile Diana Wonder's month end cash balance as of 31 Jul 2020.

Problem 3:  Based on your analysis, propose the adjusting entries (if any).

Reference no: EM132660648

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