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Prepare to bank reconciliation statement

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Reference no: EM132634182

Question - Study of the cash book records and the bank statement for "Modern Trading Customer." Reviled the following information for the month of January 1988:

1) Balance as per ledger account January 31,1988 Rs. 12000

2) Balance as per bank statement January 31, Rs. 16753

3) Note collated by bank, not recorded in company Rs. 3000

4) One customer, Mr. Abid directed deposit into bank Rs. 2500

5) Cheque send to the bank but it was dishonored Rs. 2000

6) Deposit of January 31, not recorded by bank Rs. 1000

7) Bank service charges not recorded by company Rs. 20

8) Cheque send to the bank but not cleared up to Jan, 31 Rs. 1500

9) A cheque of Rs. 63 issued for suppliers but Record in company's book Rs. 36 Interest earned by bank Rs. 100

Cheque issued but no presented for payment

Cheque No. 31423 Rs. 1200

Cheque No. 31424 Rs. 1000

Cheque No. 31425 Rs. 900 Cheque No. 31426 Rs. 900

10) Cheque issued for the purchase of merchandise but not record in company book Rs. 300

Required:

1. Prepare to bank reconciliation statement showing the corrected balance of cash at bank as on January 31, 1988

2. Give necessary adjusting entries in general journal.

Reference no: EM132634182

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