The bank statement for Darling Company shows a balance per bank of RM15,907.45 on June...
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The bank statement for Darling Company shows a balance per bank of RM15,907.45 on June 30, 2020. On this date the balance of cash per books is RM11,709.45. The company determines the following reconciling items for the bank. 1. Deposits in transit of RM2,201.40 2. Outstanding checks: No. 353, RM3,000.00; No. 357, RM1,401.30; No. 360, RM1,502.70 3. Unrecorded electronic receipt from customer on account on June 9 determined from the bank statement of RM1,035.00 4. Unrecorded charges determined from the bank statement are as follows: Returned NSF check on June 29 of RM425.60 Debit and credit card fees on June 30 of RM120.00 Bank service charges on June 30 of RM30.00 5. Check No. 343 was correctly written by the company for RM1,226 and was correctly paid by the bank on June 12. However, it was recorded as RM1,262 on Darlings books.
Required: Prepare the bank reconciliation for this company as at 30 June 2020. (7 marks)
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