Reference no: EM132558345
You are the owner of Jackson Attorney. On the 31 January 2020 your business bank statement reflected an overdraft balance of N$ 14 439. On the same date your cash book reflected a debit balance of N$ 1 828 You compare your cash book entries with the bank statement and identify the following differences:
1. A cheque for N$ 2 843 issued to your client, appears only in the cash book.
2. A cheque for N$ 4 612, received form a debtor has dishonoured. This does not appear in your cash book
3. Interest of N$ 1 617 on the overdraft has not been entered in the cash book.
4. A cheque for N$ 6 118, drawn on the trust banking account has been erroneously paid by the bank from the business bank account.
5. Your insurance stop order for N$ 772 is not recorded in the cash book.
6. An electronic transfer of 3 140 in payment of client Jane's account, appears on the bank statement but It is not shown in the cash book.
7. A deposit of N$ 13456 which was entered in the cash book does not appear on the bank statement.
8. A deposit of 6 133 was incorrectly recorded in your cash book as N$ 6 331.
9. A Cheque of 8 429 was incorrectly recorded in your cash book as N$ 9 482
You are required to prepare:
Question 1. The supplementary cash book of Jackson Attorneys and
Question 2. The bank reconciliation statement at 31 January 2020
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