Below is a cash book and bank statement for John Neukons Business Enterprise showing its transactions for the…

Question

Below is a cash book and bank statement for John Neukons Business Enterprise showing its transactions for the month of May 2026. Use this information to prepare a bank reconciliation statement for John Neukons Business Enterprise.

ScanSolve AI Tutor · Accepted Answer

Here is the bank reconciliation statement for John Neukons Business Enterprise.

Assumption: The instruction refers to the month of June 2015, as all provided transaction dates in both the cash book and bank statement are for June 2015, despite the instruction stating "May 2026" and the bank statement header showing "30th May 2026".

John Neukons Business Enterprise
Bank Reconciliation Statement as at 30th June 2015

Reconcile the Cash Book Balance.
Start with the balance as per the cash book and adjust for items known to the bank but not yet recorded in the cash book.
$\begin{array}{l r} \text{Balance as per Cash Book} & \text{K}375.00 \\ \text{Add: Interest received (not recorded in cash book)} & \text{K}4.50 \\ \text{Less: Cheque Butt (not recorded in cash book)} & (\text{K}3.50) \\ \text{Less: Bank Charges (not recorded in cash book)} & (\text{K}5.80) \\ \hline \textbf{Adjusted Cash Book Balance} & \boxed{\textbf{K370.20}} \\ \end{array}$
Reconcile the Bank Statement Balance.
Start with the balance as per the bank statement and adjust for items recorded in the cash book but not yet reflected in the bank statement.
$\begin{array}{l r} \text{Balance as per Bank Statement} & \text{K}295.20 \text{ Cr} \\ \text{Add: Uncredited deposit (Sales, 23/6/2015)} & \text{K}125.00 \\ \text{Less: Unpresented cheque (Cheque no. 26, Loan repayment, 30/6/2015)} & (\text{K}50.00) \\ \hline \textbf{Adjusted Bank Statement Balance} & \boxed{\textbf{K370.20}} \\ \end{array}$
The adjusted balances from both the cash book and bank statement match, confirming the reconciliation.

Below is a cash book and bank statement for John Neukons Business Enterprise showing its transactions for the month of May 2026. Use this information to prepare a bank reconciliation statement for John Neukons Business Enterprise.

Answer

Step-by-step solution

Reconcile the Cash Book Balance.

Reconcile the Bank Statement Balance.

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