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8.2 Paddy O'Brien, a restaurateur, is concerned why his bank statement balance and the balance in his cash book representing bank transactions are not the
8.2 Paddy O'Brien, a restaurateur, is concerned why his bank statement balance and the balance in his cash book representing bank transactions are not the same. He has asked for your assistance. Paddy has been assured by his bank that all entries on the statement are correc.t Cash Book DR. CR. Date Details 1-Feb Balance b/d 5-Feb Deposit 161 19-Feb Deposit 162 Bank Date Details 4,250.00 2-Feb Cheque 2384 1,550.00 5-Feb Cheque 2385 890.00 10-Feb Cheque 2386 Bank 689.00 1,250.00 332.00 24-Feb Deposit 163 1,840.00 10-Feb Cheque 2387 780.00 27-Feb Deposit 164 520.00 10-Feb Cheque 2388 540.00 28-Feb Deposit 165 700.00 10-Feb Cheque 2389 982.00 18-Feb Cheque 2390 214.00 26-Feb Cheque 2391 300.00 28-Feb Balance c/d 4,663.00 9,750.00 9,750.00 Date Description Debit Credit Balance 1-Feb Balance 4-Feb Cheque 2384 4,250.00 689.00 3,561.00 5-Feb Deposit 161 1,550.00 5,111.00 Direct deposit- 9-Feb ESB 382.00 4,729.00 12-Feb Cheque 2386 332.00 4,397.00 13-Feb Cheque 2388 540.00 3,857.00 15-Feb Credit transfer 640.00 4.497.00 18-Feb Cheque 2389 982.00 3,515.00 19-Feb Deposit 162 890.00 4,405.00 22-Feb Cheque 2387 870.00 3,535.00 24-Feb Depsit 163 1,840.00 5,375.00 24-Feb Cheque 2390 214.00 5,161.00 26-Feb Standing order 900.00 4,261.00 28-Feb Deposit 164 520.00 4,781.00 28-Feb Bank Charges 45.00 4,736.00 Required: a) Update the cash book as necessary b) Prepare a bank reconciliation statement
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