Reference no: EM133040726
Question - The cash transactions and cash balances of Ali Electric, for December were as follows:
1. At December 31, cash per the bank statement was Rs 18,200; cash per the company's records was Rs 20,500.
2. Two debit memoranda accompanied the bank statement: service charges for December of Rs 250, and an Rs 775 check drawn by Ahmed marked "NSF."
3. Cash receipts of Rs 10,000 on December 31 were not deposited until January 4.
4. The following checks had been issued in December but were not included among the paid checks returned by the bank: no. 620 for Rs 1,000, no. 630 for Rs 3,000, and no. 641 for Rs 4,500.
Required - Prepare bank reconciliation at December 31.
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