Question 6 (7 marks) The bank statement balance and cash account balance do not agree....
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Accounting
Question 6 (7 marks)
The bank statement balance and cash account balance do not agree. The owner of E-Bite Limited has requested to prepare a bank reconciliation to reconcile these balances. For this purpose, the following information is given.
- Deposits in transit are $9,800.
- Outstanding cheques totalled are $3200.
- The bank service charge is $24.
- The collection of note by the bank is $800.
- The bank statement balance is $9,000.
- The cash account balance is $14,824.
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