Lisa Ceja is unable to reconcile the bank balance at 31 January Lisas reconciliation is as follows Cash balance per bank $3 660 20 Add NSF cheque 590 00 Less Bank service charge 25 00 Adjusted balance per bank $4 225 20 Cash balance per books $3 875 20 Less Deposits in transit 530 00 Add Outstandin...

A Lisa Ceja Bank Reconciliation Statement as at 31 January Balance as per ...

Lisa Ceja is unable to reconcile the bank balance at 31 January. Lisas reconciliation is as follows.

Question:

Lisa Ceja is unable to reconcile the bank balance at 31 January. Lisa’s reconciliation is as follows.

Cash balance per bank	$3 660.20
Add: NSF cheque	590.00
Less: Bank service charge	25.00
Adjusted balance per bank	$4 225.20

Cash balance per books	$3 875.20
Less: Deposits in transit	530.00
Add: Outstanding cheques	930.00
Adjusted balance per books	$4 275.20

Required

A. Prepare a correct bank reconciliation.

B. Journalise the entries required by the reconciliation.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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Question Posted: Jun 20, 2019 08:31 AM

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Lisa Ceja is unable to reconcile the bank balance at 31 January. Lisas reconciliation is as follows.

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A Lisa Ceja Bank Reconciliation Statement as at 31 January Balance as per ...View the full answer

Accounting

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