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The following information was available for Romney Supply Company for the month ended May 31,...

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Question

Accounting

The following information was available for Romney Supply Company for the month ended

May 31, 2015.

(*) 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.

(e) The bank reported the collection of a note receivable for Romney of S7,300 including $500 interest.

(4) It was observed that the bank statement did not include a deposit of S4,700 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.

) Service charges of $150 were charged for cheque printing.

Required:

Prepare the bank reconciliation at May 31, 2015.

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