The following date have been gathered for Rocky Candi Corporation for the month ended September 30, 2020, Prepare a bank reconciliation based on the following information. •The bank statements reveals a balance of $8,936 •The September 30, 2020 book balance was 3,200 •There was an EFT deposit of 1,800 on the bank statement for the monthly rent from a tenant •The bookkeeper had erroneously recorded a $50 cheques as $500. The cheque as $500. The Cheque was to settle an account payable. •The bank statement revealed $50 in service charges. •Cheques #332 and #330 for $260 and $285 were not returned with the bank statement. •A deposit made on September 29, 2020 for $1,250 did not appear on the bank statement. A deposit of $500 made on September 10 was erroneously credited to Rocky Candi’s account by the bank for $5,000. •A bank debit memo indicated an NSF cheque for $259.

Answer rating: 100% (QA)

Bank Reconciliation At September 30 2019 Cash balance according to b... View the full answer