Question: Question C 1 ( continued ) Part IIThe cash ledger account of Rich Company ( Rich ) showed a debit balance of $ 2 1
Question CcontinuedPart IIThe cash ledger account of Rich Company Rich showed a debit balance of $ as at December However, the bank statement of the company as at December showedcash balance of $ The following additional information is found: An amount of $ was deducted from the companys bank account by mistake. The bank statement showed a $ bank charge was deducted in December A $ check that was mailed to the bank for deposit did not reach the bank on December Rich compared the checks paid by the bank as shown on the bank statement against thechecks written in its book. It found that three checks written by Rich in the amount of $$ and $ were not found in the bank statement. The bank statement showed a $ interest earned for the month of December During December a customer issued a check number in the amount of $ tosettle an outstanding account due to Rich. The check was deposited by Rich on December but the December bank statement showed this check was eventuallyreturned by the bank and marked NSFRequired:Prepare the Bank Reconciliation Statement for the month of December
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