Bank balances for Nana Kofi business are as follows: Balance as per bank statement, 31 July 2012 GHȼ12,345 (Cr) Balance as per cash book (bank column), 31 July 2012 GHȼ38,086 (Dr) The following events were not yet recorded in the cash book: (i) A trade debtor’s cheque for GHȼ5,000 was returned because of insufficient funds. (ii) Monthly bank charges amounted to GHȼ120. (iii) During the month, the following sums were paid by standing orders: Insurance premium GHȼ1,220 Rent GHȼ2,600 (iv) A customer deposited a cheque for GHȼ3,900 directly into Nana Kofi business bank account on 20 July 2010. Additional information: (v) A cheque for GHȼ2,500 deposited into the bank account on 31 July 2012 did not appear on the bank statement. (vi) Post-dated cheques totalling GHȼ23,000 were held in the cash till on 31 July 2012, but had already been recorded in the cash book as banked. (vii) The following cheques issued by the business were not presented to the bank for payment: Cheque No. Amount 445216 GHȼ991 445217 GHȼ1,371 445218 GHȼ2,635 (viii) A cheque payment of GHȼ4,321 was entered into the cash book as GHȼ4,123. Required: Prepare a bank reconciliation statement for the business as at 31 July 2012 without adjusting the cash book. Start with the balance as per bank statement.
Bank balances for Nana Kofi business are as follows:
Balance as per bank statement, 31 July 2012 GHȼ12,345 (Cr)
Balance as per
The following events were not yet recorded in the cash book:
(i) A trade debtor’s cheque for GHȼ5,000 was returned because of insufficient funds.
(ii) Monthly bank charges amounted to GHȼ120.
(iii) During the month, the following sums were paid by standing orders:
Insurance premium GHȼ1,220
Rent GHȼ2,600
(iv) A customer deposited a cheque for GHȼ3,900 directly into Nana Kofi business bank account on 20 July 2010.
Additional information:
(v) A cheque for GHȼ2,500 deposited into the bank account on 31 July 2012 did not appear on the bank statement.
(vi) Post-dated cheques totalling GHȼ23,000 were held in the cash till on 31 July 2012, but had already been recorded in the cash book as banked.
(vii) The following cheques issued by the business were not presented to the bank for payment:
Cheque No. Amount
445216 GHȼ991
445217 GHȼ1,371
445218 GHȼ2,635
(viii) A cheque payment of GHȼ4,321 was entered into the cash book as GHȼ4,123.
Required:
Prepare a
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