Reference no: EM13581780

The following information was gathered from the books of A&A Products in order to prepare its bank reconciliation:

Balance per bank statement, June 30                                  11,800

Balance per ledger, June 30                                                  13,160

Intrest earned                                                                        40

Outstanding checks                                                                200

Returned checks                                                                     300

Deposit in transit                                                                   1,200

ADDITIONAL INFORMATION:

A) A&A Products bookkeeper correctly recorder one of its deposits for 800 altough the bank only recorede for 700

B)A&A Products has a petty cash fund of 500. Any withdrawls were replenished by June 30.

C) A&A Products had two certificates of deposit on June 30. The first was 20,000 six month CD with maturity date of Oct. 15 and the other was a 30,000 90-day CD with maturity date of Aug. 15.

D) A&A Products had 25 of stamps on hand

E) Included in the cash ledger balance was 1,100 of cash deposits recieved from customers. A&A Products had not yet delivered the goods to the customer as of June 30.

F) A&A Products had 5,000 set aside in a bond sinking fund. This amount was not included in the cash ledger balance.

G) On June 14 A&A products paid a refundable cash deposit of 800 to the rent a center truck corporation. The rental period was for 45 days. The cash ledger properly reflected the payment on June 14.

H) A&A Products recieved a check from one of their customers dated July 6, 2014 in the amount of 550. This amount was not included in the ledger balance

REQUIRED: Prepare a bank reconcillaition as of June 30