The March 2019 bank statement of Tong’s Toyworld has just been received from its bankers. The following information is available.

1. The March bank column totals of the cash receipts and cash payments journals are, respectively, $21 546 and $24 108 before taking into account any of the items appearing on the bank statement.

2. The following items appear on the March bank statement but not in the cash journals for the same month.

• A deposit on 1 March 2019 of $2100.

• Cheque no. 253 for $248.20 and no. 257 for $417.40.

• A debit of $300 to correct an error.

• A dishonoured cheque (received from K. Matthews) for $294.

• A deposit of $400 by owner Penelope Tong to her personal bank account held at the  same bank.
• Rent of $420 from a tenant who sublets space was deposited directly.
• A standing transfer order of $350 for insurance premiums.
• Interest on overdraft $48, account fees $30.

3. The following items appear in the cash journals but not on the bank statement.
• Cheque no. 284 was stopped for payment because the amount written on the cheque was wrong. The cheque was given to NW Minerals Ltd for goods, $1500.

• Cheque no. 288 for $632 and no. 293 for $342.

• A deposit on 31 March for $1720.

• A post‐dated cheque no. 289 for $1000 given to Simpson Pty Ltd.

4. Additional information includes the following.

• On 31 March 2019 the bank statement showed a debit balance of $2342.80.

• Cheque no. 193 for $60 was drawn on 17 December 2017 as a donation to the Scouts Association (cheque is now a stale cheque).

• Cheque no. 285 for $228 appears twice on the bank statement.

• Cheque no. 296 was entered correctly as $360 in the cash journal but appeared in the bank statement as $560.

5. Bank reconciliation statement on 28 February 2019 is below.

Required

(a) Prepare and balance the Cash at Bank account in the general ledger for March 2019.

(b) Prepare the bank reconciliation statement at 31 March 2019.

(c) What conclusions can be drawn regarding control over cash payments after preparation of the reconciliation statement?

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Balance as per bank statement $ 839.20 Dr Add: Cheques not debited by bank: No. 193 $ 60.00 253 248.20 257 417.40 261 719.20 Bank error deposit to incorrect account 300.00 1744.80 2584.00 Less: Outstanding deposit 2100.00 Balance as per Cash at Bank account $ 484.00 Cr