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Section 3: (30 marks) The following information was available for Romney Supply Company for the month ended May 31, 2015. Bank Reconciliation Sign in Share (a) On May 31, 2015 the Cash account of Romney Supply Company had a balance of $35,850. (b) On May 31, 2015 the bank statement indicated a balance of $54,580. (c) The bank reported the collection of a note receivable for Romney of $7,300 including $500 interest. (d) It was observed that the bank statement did not include a deposit of $4,700 made by Romney on May 31 and that cheques totalling $14,930 issued by Romney had not cleared the bank. (e) Romney recorded an insurance expense payment of $150 as $1,500. (1) Service charges of $150 were charged for cheque printing. Required: Prepare the bank reconciliation at May 31, 2015. 9C Rain 14 306 PM

The following information was available for Romney Supply Company for the month ended May 31.2015. (a) On May 31, 2015 the Cash account of Romney Supply Company had a balance of $35,850. (b) On May 31,2015 the bank statementindicated a balance of $54,580. (c) The bank reported the collection of a note receivable for Romney of $7,300 including $500 interest. (d) if was observed that the bank statement did not include a deposit of \$4,700 made by Romney on May 31 and that cheques totaling $14,930 issued by Romney had not cleared the bank. (c) Romney recorded an insurance expense payment of $150 as $1,500. (i) Senvice charges of $150 were charged for cheque printing. Required: Prepare the bank reconciliation at May 31,2015

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