Answer:
Balance at Bank as per cash book (up to date) $7,228,00
Add Unpresented Cheques $2,003.10
Less Lodgements not yet credited ($1,370.30)
Balance as per Bank Statement $7,860,80
Explanation:
Step 1 Bring the Cash Book Balance Up to Date
Cash Book
Debit :
Balance as at July 31, 2022 $6,310.00
Ivanhoe Company; Trade Receivable $1,690.00
Totals $8,000.00
Credit:
Bank service charge $18.00
Understated : L. Taylor $9.00
NSF charge $745.00
Balance (<em>up to date</em>) $7228,00
Totals $8,000.00
Step 2 Prepare a Bank Reconciliation Statement
Balance at Bank as per cash book (up to date) $7,228,00
Add Unpresented Cheques $2,003.10
Less Lodgements not yet credited ($1,370.30)
Balance as per Bank Statement $7,860,80
