Bramble Spa shows a general ledger balance for the Cash account of $4,150.35 on June 30...

 
 

  

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Bramble Spa shows a general ledger balance for the Cash account of $4,150.35 on June 30 and the bank statement as of that date indicates a balance of $4,125.00. When the statement was compared with the cash records, the following facts were determined: 1. 2. 3. 4. 5. 6. 7. 8. There were bank service charges for June of $27.00. A bank memo stated that Bao Dai's note for $914.00 and interest of $32.00 had been collected on June 29, and the bank had charged $5.50 for the collection. Any interest revenue has not been accrued. Deposits in transit June 30 were $2,955.00. Cheques outstanding on June 30 totalled $2,066.05. On June 29, the bank had charged Bramble Spa's account for a customer's NSF cheque amounting to $518.20. A customer's cheque received as a payment on account of $90.00 had been entered as $65.00 in the cash receipts journal by Bramble Spa on June 15. Cheque no. 742 in the amount of $502.00 had been entered in the books as $434.00, and cheque no. 747 in the amount of $50.70 had been entered as $562.00. Both cheques were issued as payments on account. In May, the bank had charged a $22.50 Wella Spa cheque against the Bramble Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. (a) Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) # Bramble Spa Bank Reconciliation June 30 $ 107 $ $ S in Bramble Spa shows a general ledger balance for the Cash account of $4,150.35 on June 30 and the bank statement as of that date indicates a balance of $4,125.00. When the statement was compared with the cash records, the following facts were determined: 1. 2. 3. 4. 5. 6. 7. 8. There were bank service charges for June of $27.00. A bank memo stated that Bao Dai's note for $914.00 and interest of $32.00 had been collected on June 29, and the bank had charged $5.50 for the collection. Any interest revenue has not been accrued. Deposits in transit June 30 were $2,955.00. Cheques outstanding on June 30 totalled $2,066.05. On June 29, the bank had charged Bramble Spa's account for a customer's NSF cheque amounting to $518.20. A customer's cheque received as a payment on account of $90.00 had been entered as $65.00 in the cash receipts journal by Bramble Spa on June 15. Cheque no. 742 in the amount of $502.00 had been entered in the books as $434.00, and cheque no. 747 in the amount of $50.70 had been entered as $562.00. Both cheques were issued as payments on account. In May, the bank had charged a $22.50 Wella Spa cheque against the Bramble Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. (a) Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) # Bramble Spa Bank Reconciliation June 30 $ 107 $ $ S in

Answer rating: 100% (QA)

Bramble Spa Bank Reconciliation June 30 Balance as per bank Add Dep... View the full answer