Slove this credit balance as per bank statement

Question

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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

Start with the credit balance as per the bank statement.
From the previous bank statement data, the credit balance is K295.20.
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.
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.
Calculate the adjusted balance.
$\begin{array}{l r} \text{Credit balance as per bank statement} & \text{K}295.20 \\ \text{Add:} & \\ \quad \text{Uncredited deposit (Sales, 23/6/2015)} & \text{K}125.00 \\ \text{Less:} & \\ \quad \text{Unpresented cheque (Cheque no. 26, Loan repayment, 30/6/2015)} & (\text{K}50.00) \\ \hline \textbf{Adjusted balance} & \boxed{\textbf{K370.20}} \\ \end{array}$
This adjusted balance should match the adjusted cash book balance for a complete reconciliation.

Slove this credit balance as per bank statement

Answer

Step-by-step solution

Start with the credit balance as per the bank statement.

Add uncredited deposits.

Less unpresented cheques.

Calculate the adjusted balance.

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