From the information for R Towamba given in figure 8.29:

• prepare a bank reconciliation statement

• prepare a cash balance summary

• post the cash journals to the bank account in the general ledger in T account format.

If there are any adjustments 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 Towamba 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 112034 Chq 112043 Chq 112060 569.74 129.73 360.81 935.82 761.05 1 696.87 1060.28 636.59