QUESTION 2 1. Balance as per bank statement as on 31st march 2021 is $5000. Balance as per the cash book is $1,650. 2. Checks of $2000 and $1000 issued as on 30th march 2021, but not yet cleared. 3. Insurance paid by the bank is $200. It is not yet recorded in the cash book. 4. An outgoing check of $1000 was recorded twice in the cash book. It is accurately recorded in the bank passbook. 5. Payment of a $500 check is recorded twice in the passbook. 6. Dividends received $600 recorded only in the bank statement and not in the cash book. 7. A check of $500 was deposited on 29th march 2021, but it is not collected. 8. Bank charges of $1050 were debited, it is only recorded in the bank passbook. PREPARE A BANK RECONCILIATION STATEMENT