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Mr.Nadeem is an accountant of Huzaifa enterprises. The Following information is available to the for the month of May,2020. Ledger account showed a balance at 31st may,2020 of Rs=251,136/-. While May bank statement showed a closing balance of Rs=229,656/-. While Rs=32000/- Cash left at the bank as it was presented to the bank after banking hours (bank kept it in the night deposit). May 2020, Bank statement also includes a debit memorandum from the bank for Rs=100/- as a service charges. The bank statement of the April 30,2020 includes a debit memorandum from the bank for Rs=200/- as a SMS alert charges. A credit memorandum enclosed with the bank statement indicates that non-interest bearing note Rs= 8,000/- from Mr. Ali. Inspection of paid checks with accounting record revealed that cheque no 1642 for Rs=189/- issues in May 15, has been erroneously entered in ledger records as Rs=981/- included in the bank statement 400 NSF check. Three checks all issued in May are not still presented in the bank for payment: no 107 for Rs=628/-; no 111 for Rs=1250/- and no 115 for Rs=350/-.
Problem 1: Prepare bank reconciliation for Huzaifa enterprises, at May 31.
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