Johnson's cash book showed an overdrawn balance of N3,000 on 31st December, 2012 on his...

Johnson's cash book showed an overdrawn balance of
N3,000 on 31st December, 2012 on his current account.
The balance as per the bank statement was an overdrawn balance of N800. Further investigation showed the fol-lowing:
(i) Cheque drawn amounting to N8,000 had not been presented for payment (il) Cheques amounting to N2,500 entered in the cash book as paid into the had not yet been 9. cleared by the bank. (iii) A cheque book costing N400 had been recorded in the cash book. (v) a cheque for N1,200 drawn on his current account had been charged by the bank to his deposit account. (vi) A cheque for N500 paid into the bank had been dishonoured and shown as such by the bank, but no entry had been made in the cash book. (vil) The payment side of the cash book had been under-cast by N700. (viii) Bank charges of N300 entered in the bank statement had not been entered in the cash book You are required to prepare: (i) adjusted Cash Book (ii)
• Bank Reconciliation statement?

In Accounting
2 Answers Available
Asked by Adebayo on 2nd May, 2023