Prepare a Bank Reconciliation Statement for John Neukons Business Enterprise as at 29th May 2026.

Question

ScanSolve AI Tutor · Accepted Answer

Here is the completed bank reconciliation statement for John Neukons Business Enterprise, filling in the provided worksheet.

Assumption: The reconciliation is prepared as at 30th June 2015, using the transaction data from the previous problem, despite the worksheet header stating "29th May 2026".

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

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

Prepare a Bank Reconciliation Statement for John Neukons Business Enterprise as at 29th May 2026.

Answer

Step-by-step solution

Reconcile the bank statement balance.

Reconcile the cash book balance.

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