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