This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

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Answer
K370.20
Here is the calculation for the credit balance as per the bank statement, filling in the relevant section of the worksheet.
Assumption: The reconciliation is prepared as at 30th June 2015, using the transaction data from the previous problems, despite the worksheet header stating "29th May 2026".
John Neukons Business Enterprise Bank Reconciliation Statement As at 30th June 2015
Step 1: Start with the credit balance as per the bank statement. From the previous bank statement data, the credit balance is K295.20.
Step 2: Add uncredited deposits. An uncredited deposit of K125.00 (Sales, 23/6/2015) was recorded in the cash book but not yet by the bank.
Step 3: Less unpresented cheques. An unpresented cheque of K50.00 (Cheque no. 26, Loan repayment, 30/6/2015) was issued and recorded in the cash book but not yet presented to the bank for payment.
Step 4: Calculate the adjusted balance.
This adjusted balance should match the adjusted cash book balance for a complete reconciliation.
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The reconciliation is prepared as at 30th June 2015, using the transaction data from the previous problems, despite the worksheet header stating "29th May 2026".
This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.