Answer:
Kingbird will have an Updated Cash Balance of $21,800
Explanation:
<em>First Step is to Update the Bank Balance in the Cash Book</em>
Debit :
Cash Balance before adjustment $25,080
Dishonored Cheques $460
Totals $25,540
Credit:
Bank service charge $145
Balance as per updated Cash Book $25,395
Totals $25,540
<em>Then Prepare a Bank Reconciliation Statement</em>
<u>Bank Reconciliation Statement</u>
Balance at Bank as per Cash Book $25,395
Add Unpresented Cheques $7,150
Less Lodgements not yet credit ($4,425)
Balance as per Bank Statement $21,800
<u>Conclusion.</u>
Kingbird will have an Updated Cash Balance of $21,800
