Question

The bookkeeper of Notting Hill Ltd is in the process of preparing the end of month bank reconciliation. The following information has been obtained:

Notting Hill Ltd

Bank Reconciliation Statement as at 31 May 2019

Balance as per bank statement			2,950 Cr
Add Deposits in transit			330
			3,280 Cr
Less Unpresented cheques	# 911           380 # 913           920 # 925       20,100		(21,400)
Balance as per bank ledger account			$ 18,120 Cr

Bank Statement
Notting Hill Ltd
Date	Particulars	Debit	Credit	Balance
2019
June 1	Balance			2,950 Cr
3	Cash		330	3,280 Cr
6	Cheque 925	20,100		16,820 Dr
9	Cash		39,000	22,180 Cr
14	Cheque 926	19,400		2,780 Cr
15	Cheque 911	380		2,400 Cr
15	Cheque 927	3,500		1,100 Dr
15	Cash		60,060	58,960 Cr
17	Cheque 928	29,300		29,660 Cr
19	Bank Charges	50		29,610 Cr
23	Cash		39,700	69,310 Cr
29	Dishonoured cheque	7,300		62,010 Cr
30	Interest		710	62,720 Cr

CASH RECEIPTS JOURNAL
Date 2019	Particulars	Rec. No	Debits		Credits
			Bank	Discount Expense	Accounts Receivable	Cash Sales	Other
Jun 9	Cash Sales	050	39,000			39,000
15	Alpha Ltd	051	60,060	440	60,500
23	Cash Sales	052	39,700			39,700
28	Beta Ltd	053	25,300		25,300

CASH PAYMENTS JOURNAL
Date 2019	Particulars	Chq. No	Credits		Debits
			Bank	Discount Revenue	Accounts Payable	Wages	Sundry
Jun 2	Gamma Supplies Ltd	926	19,400	600	20,000
15	Wages	927	3,500			3,500
17	Omega Trade Ltd	928	29,300		29,300
20	Postage	929	53				53
26	Wages	930	9,300			9,300

Required:

1. Complete and total the cash journals. Post the totals to the bank ledger to determine the final balance.

2. Prepare the Bank Reconciliation Statement at the end of June.

Answer 1