Question 3

Bank statement received by Thomas Ldt. showed differences in balances between the bank statement and the cash books records. The followings are cash book (bank column) and bank statement from CIMB Bank for the month of July 2022.

Cash Book

2022 July		RM	2022 July		Cheque No	RM
1	Balance b/d	17,517	2	Shah Supplies	0344	6,800
5	Sales commission	10,000	10	Creditors Whey	0345	7,000
12	Aiman Sdn Bhd	9,980	12	Utilities	0346	345
18	Yunus Trading	2,000	15	Purchases	0347	4,243
19	Sales	2,660	20	Rental factory	0348	8,573
27	Aiman Sdn Bhd	7,489	30	Staff Salary	0349	8,900
29	Kemuning - debtor	3,200	30	Balance c/d		16,985
		52,846				52,846
Aug 1	Balance b/d	16,985

Bank Statement as at 31^st July 2022

Date	Particulars	Cheque No	Debit RM	Credit RM	Balance RM
1	Balance b/d				17,517
2	Cheque deposited	66225		10,000	27,517
3	Cheque clearing	0344	6,800		20,717
5	Cheque deposited	17833		9,980	30,697
11	Cheque	0345	7,000		23,697
13	Payment - bills	0346	345		23,352
14	Cheque clearing	0347	4,243		19,109
20	Cheque deposited	20086		2,660	21,769
21	Cheque clearing	0348	8,753		13,016
25	Bank charges		25		12,991
29	Dividend received			120	13,111
30	Standing order - loan		3,000		10,111
30	Credit transfer - Ali			5,000	15,111

Additional information

1. Cheque no. 0348 was recorded wrongly in the cash book (bank column) as RM8,573. The correct amount is RM8,753.
2. Cheque from Yunus Trading deposited on 18^th July 2022 was returned by the bank due to an error.

Required:

1. Adjust for corrected cashbook.
2. Prepare a bank reconciliation statement as at 31st July 2022.