Answer:
<u>Bank Reconciliation Statement as of July 31, 2017</u>
Balance at Bank as per cash book (up to date) $35,480
Add Unpresented Cheques :
No. 3031 $1,570
No. 3065 $561
No. 3069 $2,338
Less Lodgements not yet credited ($10,132)
Balance as per Bank Statement $29,817
Explanation:
Step 1 Bring the Cash Book (Bank Balance ) up to date
Debit :
Balance as at July 31 $25,699
Note Payable $9,000
Evan Shaw $805
Totals $35,504
Credit:
Check No. 3056 Understated $10
Bank service charge $14
Balance (Up to date) $35,480
Totals $35,504
Step 2 Prepare a bank reconciliation for this company
<u>Bank Reconciliation Statement as of July 31, 2017</u>
Balance at Bank as per cash book (up to date) $35,480
Add Unpresented Cheques :
No. 3031 $1,570
No. 3065 $561
No. 3069 $2,338
Less Lodgements not yet credited ($10,132)
Balance as per Bank Statement $29,817
