How to prepare the bank reconciliation statement as at june

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Reference no: EM132551557

On 30 June 2019 ABC Pty Ltd had a cash balance as per bank ledger (company records) of $55,000 debit. The bank statement from CBA Bank on that date showed a credit balance of $40,800.

A comparison of the statement with the cash account revealed the following facts:

Cash sales of $17,600 on 30 June were deposited in the bank but not yet recorded in the bank statement.

Unpresented cheques at 30 June

Cheque #111 $2,000

Cheque #165 $500

Included with the cheques paid was a cheque issued to John Smith (supplier) for $4,300 was incorrectly recorded in the bank statement as $3,400.

Question 1: Prepare the bank reconciliation statement as at 30 June 2019.

Reference no: EM132551557

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