Munro Pty Ltd presented you with the following information relating to the June bank reconciliation process. You are required to reconcile the records of the business with the bank statement and:

a adjust the ‘Cash at bank’ account b prepare a bank reconciliation statement as at 30 June c journalise the entries required in Munro’s books.

Note: Assume any errors in amounts have been made by the bank.

The June bank statement shows the following withdrawals and deposits:

The records for the cashbooks are as follows:

Transcribed Image Text:

Bank reconciliation statement at 31 May 20X1 Balance as per bank statement Add: Deposits in transit Less: Outstanding cheques and payments No. 2470 No. 2471 (1 530.20) (844.50) No. 2472 (1 426.80) Adjusted cash balance 12 367.90 1980.50 14 348.40 (3801.50) $10546.90