Question 12 The following information is related to the banking
transitions for Kamren’s Kitchen Ltd for December 2015.

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Question: Question 12 The following information is related to the banking transitions for Kamren’s Kitchen …
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• A deposit of $5,794.62 is in transit.

• Outstanding checks total $1,533.25.

• The cash book balance is $5,695.62.

• The bookkeeper recorded a $1,524.00 check as $15,240 in
payment of the current month’s rent.

• The bank statement balance at December 31, 2015 was
$16,500.25.

• A deposit of $300 was credited by the bank for $3,000.

• A customer’s check for $1,280 was returned for insufficient
funds.

• The bank service charge is $70.

Required:

1. Prepare Kamren’s Kitchen adjusted cash book for December
31st, 2015 (5 Marks)

2. Prepare the bank reconciliation statement for December 31,
2015 (5 Marks)

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