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25-05-2023
Business

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Question 1 (A) (7.5 marks) The accountant of Universe Manufacturing collected the following information: The balance as per bank statement is $3,324.50 on 30 June 2020. On this date, the balance of the company's book is $3,536.50. In addition, the accountant found the following items: a. Deposits in transit $1,550 b. Outstanding checks: $845 c. Bank statement shows a bank collection from bill receivables $2,400 d. Bank statement shows Interest received of $240 e. Bank service charge in the bank statement is $737 f. Bank statement shows NSF check: $1,410,00 B C C

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