Prepare a bank reconciliation statement for the month

Assignment Help Accounting Basics

Reference no: EM131931517

Problem

On Nov 19th, One of our Partner's ( Leedcom ) cash book showed a debit balance of $4,000.00.

His bank statement showed a balance of $4,270.00.

On comparison the following were found:

* check issued amounting to $2,500.00 has not been cashed
* The bank rejected checks amounting to $140
* Standing order for a staples order of $700 was note noted.
* A customer paid $170 directly into the bank without any notice to Us
* Bank charges of $160 were entered in the bank statements only.
* A dividend of $250 was paid directly into the bank and not recorded in the cash book
* Checks for $1,650.00 were entered into the cash book and deposited in the bank but had not been cleared (deposited).

Prepare a bank reconciliation statement for the month.

Reference no: EM131931517

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