WAEC Accounting 2018 Theory — Question 6

6. On 31st December, 2016, the bank column of Aminata Enterprise's cashbook showed a debit balance of D48,500. The bank statement showed a credit balance of D54,900. A comparison revealed: (i) customers' cheque amounting to D8,450 not yet credited; (ii) cheques amounting to D8,850 not yet presented; (iii) bank charges of D2,500 and interest on investments of D1,000 appeared only on the statement; (iv) a wrong entry of D3,500 appeared on the statement; (v) Kesse Enterprise paid D3,000 directly into the bank, not recorded in the cashbook; (vi) a cheque for D2,000 from Jallo Enterprise, deposited, was returned unpaid and not entered in the cashbook. You are required to: (a) Write up the adjusted cash book; (b) Prepare a bank reconciliation statement as at 31/12/2016.