The Following Information Is Available for Blue Moon Company Regarding

question 146

Essay

The following information is available for Blue Moon Company regarding its June 30, 2019, bank statement:
- Balance per bank statement is $10,300.34.
- Balance per books is $9,652.78. Cheque #506 for $1,948.52 and cheque #510 for $1,600.25 were not returned with the June 30 bank statement.
- A deposit in transit of $4,562.21 had not been received by the bank when the bank statement was generated.
- A bank debit memo indicated an NSF cheque written by Bruce Garrett to Blue Moon Company on June 13 for $279.
- A bank credit memo indicated a bank collection of $1,900 and interest revenue of $75 on June 20.
- The bank statement indicated service charges of $35.
Prepare a bank reconciliation for Blue Moon Company dated June 30, 2019

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Definitions:

Shareholders

Individuals or entities that legally own one or more shares of stock in a joint-stock company.

Consumers

Individuals who purchase goods and services for personal use.

Mission Statement

A concise description of a company’s purpose, its goals, and how it serves its stakeholders.

Orientation Session

A meeting or programme designed to introduce new members to a company, institution, or the specifics of a new role.