Use the following information that was drawn from the books of Ralesego as on 31 December 2020 to draw the bank reconciliation statement.  Details                                                                       Amount ‘Pulas’ Cash at bank as per cashbook bank column                                                                              2,910 Unpresented Cheques                                                         730 Bank lodgments                                                                    560 Credit transfers appearing in the bank                                  340 statement but not entered in the cash book Cash balance as per bank statement                                   3,420

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 9EA: Using the following information, prepare a bank reconciliation. Bank balance: $4,587 Book balance:...
icon
Related questions
Question

Use the following information that was drawn from the books of Ralesego as on 31
December 2020 to draw the bank reconciliation statement
Details                                                                       Amount ‘Pulas’
Cash at bank as per cashbook bank
column                                                                              2,910
Unpresented Cheques                                                         730

Bank lodgments                                                                    560
Credit transfers appearing in the bank                                  340
statement but not entered in the cash
book
Cash balance as per bank statement                                   3,420

 

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Bank reconciliation statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning