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Plurah's Sweet Shops Apt 31 bank balance was $11.125. The company's cash balance at Aurut 31 was $10,785. Other information follows: 1 2 3 4. 5 Outstanding cheques were #421 for $155.6485 for $255.1492 for $165 and 494 for $1,155 Cheque #421 was also outstanding on July 31 and was included on July's bank reconciliation Included with the statement were EFT deposits totalling 51.725 during August in payment of accounts receivable. These deposits have not been recorded by the company Cheque 490 was correctly written and paid by the bank for $408. The cheque had been issued to pay accounts payable and the company had recorded it as $488 The bank statement showed a cheque #4832 for $785 which did not appear on the company's books. Investigation revealed that the cheque was actually issued by Wally's Water Works and was charged to Pharoah's Sweet Shop's account in error The bank returned an NSF cheque from a customer for $375. The bank statement showed two debit memoranda for service charges, one for $15 related to the NSF cheque see iter 15) above) and one for $35 for cheque printing charges. The company's policy is to pass on all NSF processing fees to the customer The company's records showed the August 15 deposit as $1.660. On the bank statement, it was correctly recorded as $1.960. The deposit was for cash sales The company has a pre-authorized EFT payment for its monthly utilities for $235 scheduled for the last day of each month. As August 31 was a Sunday this year, the bank posted it on September 1. The company recorded it in August. The 51345 July 31 bank deposit was recorded on August 1 on the bank statement. The Austust 31 bank deposit of $2.520 6 7 8 a 9 2 ented with the statement were EFT deposit or 51725 dur payment of contacte deposits have not been recorded by the company 3 5. 6 Cheque #490 was correctly written and paid by the bank for $408. The cheque had been issued to pay accounts payable and the company had recorded it in 5488 The bank statement showed a cheque #4832 for $785 which did not appear on the company's books. Investigation revealed that the cheque was actually issued by Wallys Water Works and was charged to Pharoah's Sweet Shops account in error The bank returned an NSF cheque from a customer for $375. The bank statement showed two debit memoranda for service charges: one for $15 related to the NSF cheque (see items! abeve) and one for $35 for cheque printing charges. The comparw's policy is to pass on all NSF processing fees to the customer The company's records showed the August 15 deposit as 51,660. On the bank statement, it was correctly recorded as $1.960 The deposit was for cash sales The company has a pre-authorized EFT payment for its monthly utilities for $235 scheduled for the last day of each month. As August 31 was a Sunday this year, the barik posted it on September 1. The company recorded it in August The $1,345 July 31 bank deposit was recorded on August 1 on the bank staternent. The August 31 bank deposit of $2,520 was not included on the August bank statement. 7 8 9. Prepare a bank reconciliation List items that increase balance as per bank & books first.) PHAROAH'S SWEET SHOP Bank Reconciliation August 31 Uradjusted bank balance $ 11125 Add: Deposits in transit s 2520 Bankerro chenue 4832 Wallys Water Works 785 3305 1440 Outstanding cheque

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