On 30th June, 2021 the bank column of the cash book of Aboagye Ltd showed a debit balance of GH¢142,100 while the bank statement received for that same month showed a credit balance of GH¢134,175. An investigation conducted by the cashier revealed the following:
A cheque drawn in favour of Ola Ltd for GH¢5,775 was credited to the cash book as GH¢57,750.
As at 30th September 2021, the bank had not yet credited the company’s accounts with deposits totaling GH¢56,250.
Cheques drawn amounting to GH¢65,750 had not been presented to the bank for payment.
A customer deposited GH¢34,000 to Aboagye Ltd’s account. This has not been recorded in the cash book.
A cheque drawn for GH¢37,500 in favour of Cyndy Ltd has been dishonoured by the bank.
According to the bank statement, the bank charged a commission on turnover of GH¢5,700.
A cheque for GH¢31,250 drawn by another customer has been wrongly debited to Aboagye Ltd’s account by the bank.
You are required to prepare:
Adjusted cash book as at 30th June, 2021.
A Bank Reconciliation Statement as at 30th June, 2021.
