Stationers R Us Pty Ltd’s bank reconciliation clerk is unable to reconcile the bank balance at...
Stationers R Us Pty Ltd’s bank reconciliation clerk is unable to reconcile the bank balance at 31 January.
The balance of the cash at bank account, before any entries for transactions initiated by the bank, was $4,147 in the company records.
The clerk’s attempt at the bank reconciliation statement is as follows.
| $ | ||
| Cash balance as per bank statement | 4,145 | |
| Add: Dishonoured cheque from customer | 475 | |
| Less: Bank charges | 29 | |
| Less: Outstanding deposits | 352 | |
| Add: Unpresented cheques | 854 | |
| Cash balance per company records | 4,373 | |
Required.
Prepare a correct bank reconciliation.
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Stationers R Us Pty Ltd’s bank reconciliation clerk is unable to
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