Answer:
<u>Bank Reconciliation Statement</u>
Balance at bank as per the Cash Book (updated) $7,885
Add Unpresented Cheques $1,355
Less Bank Lodgements not yet credited ($3,268)
Balance as per bank statement $5,972
J1
Bank $39 (debit)
Interest Earned $39 (credit)
J2
Bank service fee $28 (debit)
Bank $28 (credit)
Explanation:
<em>Step 1 Bring the Cash Balance in the Cash Book up to date</em>
Debit :
Balance as at August 31, 2021, $7,874
Interest Earned $39
Totals $7,913
Credit:
Bank service fee $28
Balance Up dated (Balancing figure) $7,885
Totals $7,913
<em>Step 2 Prepare the Bank Reconciliation Statement</em>
<u>Bank Reconciliation Statement</u>
Balance at bank as per the Cash Book (updated) $7,885
Add Unpresented Cheques $1,355
Less Bank Lodgements not yet credited ($3,268)
Balance as per bank statement $5,972