Jupiter trading received its bank statement for the month ended Meskerem 30, 2013 amounting to birr 241,300, whereas company cash book showed a balance of birr 150,720. Its accountant investigated the matter, and discovered the following differences.

Jupiter Trading Bank Reconciliation Statement As of Meskerem 30, 2013

Step 1: Reconcile the Bank Statement Balance Balance per Bank Statement: $Birr 241,300$ Add: • Deposits in Transit (to be provided) Less: • Outstanding Checks (to be provided) • Bank Errors (to be provided)

Step 2: Reconcile the Cash Book Balance Balance per Cash Book: $Birr 150,720$ Add: • Notes Collected by Bank (to be provided) • Interest Earned (to be provided) • Company Errors (understated cash receipts, overstated cash payments) (to be provided) Less: • Bank Service Charges (to be provided) • NSF Checks (to be provided) • Company Errors (overstated cash receipts, understated cash payments) (to be provided)