This bank reconciliation statement was drawn up on 31 March 20x3 from the books of Lush Services.

Here is a summary of the cash receipts journal and cash payments journal for April 20x3:

Abbreviations:

S/O = Stop order

CU = Cheque previously deposited, unpaid (R/D)

The bank statement received on 30 April was:

Notes

• On 16 October 20x2, cheque 558 was drawn in favour of N. Fourie for repairs to the building. The cheque is stale and must be cancelled.

• Cheque 828 was mislaid and the bank was notified to stop payment.

You are required to:

1. Open the bank account in the general ledger. Post the totals of the cash receipts journal and cash payments journal to the bank account after having finalised them. Complete the cash receipts journal and cash payments journal by commencing with the given totals. Show only the bank columns.

2. Prepare a bank reconciliation statement at 30 April 20x3.

Transcribed Image Text:

Lush Services BANK RECONCILIATION STATEMENT AS AT 31 MARCH 20x3 Debit Credit balance as per bank statement Credit outstanding deposit Credit incorrect entry on bank statement Debit outstanding cheques: No. 558 No. 813 No. 821 Debit balance as per bank account 360 00 102 60 199 20 2 152 80 2814 60 Credit 1 650 00 960 00 204 60 2814 60