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Perform a bank reconciliation

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Reference no: EM132696149

Question - 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 - Perform a bank reconciliation.

a) Reconcile Diana Wonder's month end cash balance as of 31 Jul 2020.

b) Based on your analysis, propose the adjusting entries (if any).

Reference no: EM132696149

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