Question

QUESTION-2: The following information is available to reconcile Jawahar Cois tion is available to reconcile Jawahar Co.'s book balance of cash with its statement cash balance as of August 30. The August 30 cash balance according to the accounting records is $71,500, and the bank cords is $71.500, and the bank statement cash balance for that date is $76,500. a. The bank mistakenly cleared a $480 check against the account in August that was not issued by Jawahar. The check documentation included with the bank statement indicates the check was actually issued by Jana Corp. gust 30, the bank issued a credit memorandum for $133 interest earned on Jawahar's account. e. When the August checks are compared with entries in the accounting records, it is found that Check No. 1734 had been correctly drawn for $1,530 to pay for advertising but was mistakenly entered in the accounting records as $1,550. d. A credit memorandum indicates that the bank collected $14.122 cash on a note receivable for Jawahar, deducted a $50 collection fee, and credited the balance to the company's Cash account. Jawahar did not record this transaction before receiving the statement. e. A debit memorandum of $895 is enclosed with the bank statement for an NSF check. f. Jawahar Co's August 30 daily cash receipts of $5,000 and $4,232 were placed in the bank's night depository on that date, but do not appear on the August 30 bank statement. g. Jawahar's August 30 cash disbursements journal indicates that Check No. 1757 for $382 and Check No. 1751 for $1.200 were both written and entered in the accounting records, but are not among the canceled checks. Required

Answer 1

Note: Here in the question I am unable to find the required statements. But I have prepared a bank reconciliation statement below.

Bank Reconciliation statement:

(Note: The points referred in the below table are named as per their naming in the question, for example, point "a" in the below table is referred to point "a" in the question.)

Particulars	Amount ( in $)	Amount ( in $)
Book balance of cash		71,500
Items to be added:
b. Credit memorandum for $1,33 interest earned	1,33
d. Credit memorandum for $14,122 for a note received, and $50 is deducted as collection fee (14,122-50 = 14,072)	14,072
g. Cheques of values $3,82 and $1,200 not found in cancelled cheques.( 3,82+1200 = 1582)	1,582
Total		15,787
Items to be subtracted:
a. Mistakenly cleared cheque of $4,80	480
c. Mistakenly entered in accounting records as $1,350 instead of $,1530 (1,530-1,350 = 180)	180
e. Debit memorandum of $8,95	895
f. Cash receipts of $5,000 and $4,232 (5,000+4232=9232)	9232
Total		(10,787)
Balance of cash as per bank statement		$76,500