Prepare hunter photography's bank reconciliation at 30 November E8-7 Preparing a bank reconciliation [10-20 min]Hunter Photography's cheque book lists the following:Cheque no. ItemDateNov 149131418262830622623624625626627Other charges:Printed chequesService chargeArt CaféDividends receivedCashOffice SuppliesBent Tree ApartmentsService revenueHunter's November bank statement shows the following:BalanceAdd: DepositsDebit cheques:No.622623624625Photo SuppliesUtilitiesAmount$ 15Cheque Deposit55115*60$1555756085265$ 1301210$3520Balance$ 5405256556005254653801151 325$540130(245)(55)$370Balance* This is the correct amount for cheque number 624.RequirementPrepare Hunter Photography's bank reconciliation at 30 November. How much cash does thebusiness actually have on 30 November? Journalise any transactions required from the bankreconciliation.

A bank reconciliation statement is a summary of banking and business activities that checks that the…

Hunter's November bank statement shows the following: Balance Add: Deposits Debit cheques: Other charges: Printed cheques Service charge No. 622 623 624 625 Amount $ 15 55 115* 60 $35 20 $540 130 (245) (55) $370 Balance * This is the correct amount for cheque number 624. Requirement Prepare Hunter Photography's bank reconciliation at 30 November. How much cash does the business actually have on 30 November? Journalise any transactions required from the bank reconciliation.

Hunter's November bank statement shows the following: Balance Add: Deposits Debit cheques: Other charges: Printed cheques Service charge No. 622 623 624 625 Amount $ 15 55 115* 60 $35 20 $540 130 (245) (55) $370 Balance * This is the correct amount for cheque number 624. Requirement Prepare Hunter Photography's bank reconciliation at 30 November. How much cash does the business actually have on 30 November? Journalise any transactions required from the bank reconciliation.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.4.3P

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