Reference no: EM13761169
Camilla Decorations received its bank statement for the month of March 2013. It showed a credit balance of $6,396.70. The Cash at Bank account on 31 March 2013 had a debit balance of $6,110.70. The following reconciling items were identified.
1. Un-presented cheques amounted to $3,070.
2. The bank statement included a $25 debit for bank service charges for the month.
3. Cash taking of $2,003 for 31 March was placed in the bank's night safe on that day but was not credited by bank until 1 April 2013.
4. The bank had debited a sum of $810 for a returned cheque originally received from a credit customer, Daniel Anderson in payment of his account for $900.
5. Cheque number 8015 for $128 for sundry stationery items purchased had been incorrectly recorded in the cash book as $182.
Required:
a. Prepare a bank reconciliation statement at 31 March 2013.
b. Prepare journal entries (in general journal format) to bring the business' records up to date.
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