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Martinez Spa shows a general ledger balance for the Cash account of $3,937.35 on June 30 and the bank statement as of that date indicates a balance of $4,135.00. When the statement was compared with the cash records, the following facts were determined: 1. 2. 3. 4. 5. There were bank service charges for June of $31.00. A bank memo stated that Bao Dal's note for $901.00 and interest of $38.00 had been collected on June 29, and the bank had charged $7.00 for the collection. Any interest revenue has not been accrued. Deposits in transit June 30 were $2,885,00, Cheques outstanding on June 30 totalled $2.146.05. On June 29, the bank had charged Martinez Spa's account for a customer's NSF cheque amounting to $488.20. A customer's cheque received as a payment on account of $84.00 had been entered as $57.00 in the cash receipts journal by Martinez Spa on June 15. Cheque no. 742 in the amount of $473.00 had been entered in the books as $439.00, and cheque no. 747 in the amount of $40.20 had been entered as $571.00. Both cheques were issued as payments on account. In May, the bank had charged a $14.50 Wella Spa cheque against the Martinez Spa account. The June bank statement indicated that the bank had reversed this charge and corrected its error. 6. 7. 8. Prepare a bank reconciliation at June 30. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) Martinez Spa Bank Reconciliation June 30 $ . + . e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit

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