Reference no: EM132799799

Question - At 30 September 2020, the Cash Book of Gollem Enterprise shows a debit balance of RM444. This balance, however, does not tally with the balance in the Bank Statement received.

After a detailed comparison between the Cash Book and Bank Statement, it is believed that the discrepancy is due to the following issues:

(1) A cheque worth RM789 issued to a creditor was recorded at the debit side of Cash Book. Also, the cheque was not shown in the Bank Statement received.

(2) In the Bank Statement, the banker has wrongly credited a cheque worth RM108 into the business's bank account.

(3) A direct deposit of RM188 appeared in the Bank Statement only.

(4) A cheque received from a debtor was recorded as RM202 instead of RM220 in the Bank Statement. Nevertheless, the cheque was correctly captured in the Cash Book.

Required -

i) Formulate the Adjusted Cash Book as at 30 September 2020.

ii) Formulate the Bank Reconciliation Statement as at 30 September 2020.