Using the information for R Wakool given in figure 8.32, prepare the bank reconciliation statement and the cash balance summary. If any adjustments are required assume that the bank statement is correct, unless you are told the bank has acknowledged its mistake.

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Bank Reconciliation Statement of R Wakool as at 30 September 2022 Debit balance as per bank statement [30 September 2022] add Outstanding remittance receipts less Unpresented remittance payments Credit balance as per general ledger Bank account Chq 531444 Chq 531484 Chq 531486 Chq 531488 24.79 165.30 65.68 254.24 (818.12) 290.44 (527.68) 510.01 (1 037.69)