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Samantha has also come to realise that even though she now has better control over her accounts receivable this will not benefit her greatly if her management and control of the cash they bring in is poor. Samantha has been doing a little reading and has found that one useful tool in controlling cash is the bank reconciliation statement. Samanthas cousin Sandy, who is now helping her out by managing her Deafening Racket Studio, completed a bank reconciliation for Samantha at the end of last month but Samantha is a little uncertain about its accuracy and would like you to complete this months reconciliation for her.

Additional information reveals that Cheque 2303 is correct in the bank statement but was incorrectly recorded in the Cash Payments Journal.

1. Post the journals to the Cash at Bank account and balance the account.
2. Prepare a bank reconciliation statement as at 30 September.

Bank Statement Debits Particulars Credits Date Sep-01 $3470 1860 756 272 Balance $ 2630 Dr 840 Cr 2230 Cr 2616 Cr 3935 7936 8 937 2300 11 938 13 2301 16 939 18 2303 20 21 941 25 30 Returned Cheque Direct Deposit Account Fees Interest $470 370 1060 48 2336 138 568 774 1890 658 1820 460 560 980 1780 CT 1334 Cr 1196 Cr 1286 Cr 2332 Cr 2792 Cr 1268 Dr 288 Dr 560 Dr 1428 Cr 1352 Cr 1239 Cr 4620 272 1 988 76 113 TOTAL DEBITS $11 845 TOTAL CREDITS $14 714 Cash Receipts Journal Cash at Date bank Sep 1 $1 860 4 756 6 10 12 16 17 20 24 30 TOTA L 272 1 890 658 1 820 460 560 980 15 000 Cash Payments Journal Cheque Cash at no. bank S Musik 936 $370 Bank Reconciliation Statement 937 1060 as at 31 August Balance as per bank $2630 938 2336 statement Dr 939 568 Less: 2300 48 Outstanding Deposit 3470 2301 138 Add: 2302 246 Unpresented #2299 884 2303 74 che ques: 935 470 1354 940 352 941 4620 Balance as per Cash at Bank account $514 Cr TOTAL $9 812 $24 256

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