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Cash and Internal Controls Chapter 10 AP-10A LO Shine Laundry's bank reconciliation is provided for the month of September 2019. However, due to some errors on the bank reconcillation, the reconciled balance for the ledger and the bank are different from each other Shine Laundry Bank Reconciliation September 30, 2019 Ledger Bank Opening Balance 55.100 $3,820 Add: Outstanding deposit-Sep 29 400 Outstanding deposit-Sep 30 1,220 Less: Outstanding Cheque 13-Sep (1,000) Outstanding Cheque 14 Sep 10 EFT.Insurance Sep 15 1400 EFT-Monthly rent--Sep 18 15000 NSF Cheque-Sep 19 250 Charges for NSF Cheque Sep 19 15) Service charges-Sep 30 (157 leverest on bank account --Sep 30 NOR Reconciled Balance $6.025 5155 Required a) Prepare a corrected bank reconciliation Assume the dollar amounts of the individual items on the bank reconciliation are connect O L Cash and internal Controls Chapter 10 hi Prepare a journal entries required by Shine Laundry Date Account Title and Explanation Debit Credit O C AP-15A LO On January 1, 2019, Hit Design set up a petty cash fund for $250. At the end of the first week, the petty cash fund contained the following items. Cash on hand $50 Receipt for the purchase of office supplies 40 Receipt for delivery charges 10 Receipt for the purchase of stamps 20 Receipt for travel to a client meeting 50 Receipt for the payment of newspaper advertising 75 Required a) Calculate any cash overage or shortage. b) Prepare the journal entries for setting up and replenishing the petty cash fund. Date Account Title and Explanation Debit Credit AP-16ALO4

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