From the information for R Nickolson given in figure 8.42, you are required to prepare a bank reconciliation statement and a cash balance summary. If any adjustments are required, assume that the bank statement is correct, unless you are told that the bank has acknowledged its mistake.

Transcribed Image Text:

Bank Reconciliation Statement of R Nickolson as at 31 July 2022 Credit balance as per bank statement [31 July 2022] add Outstanding remittance receipts less Unpresented remittance payments Debit balance as per general ledger Bank account Chq 335387 Chq 335392 705.02 918.88 1 735.33 528.05 2 263.38 1 623.90 639.48