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Adjust account The following is a summary of the cash book of Max Young for the month ending 31 July 2019:- Cash Book 4 Opening

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Adjust account

The following is a summary of the cash book of Max Young for the month ending 31 July 2019:- Cash Book 4 Opening balance bld Receipts 8,632 e Payments 65,000 - Closing balance cld 73,632 66,592 >7,040 :73,632 On investigation you discover the following:- 1. Bank charges amounting to 320 are shown on the bank statement but have not been entered into the cash book. 2. A cheque drawn for 410 has been entered in error as a receipt in the cash book. 3. A cheque for 80 has been returned by the bank marked 'return to drawer' but it has not been written back in the cash book. 4. Dividends received amounting to 60 was transferred directly to the bank and not entered in the cash book. 5. The opening balance in the cash book was brought down in error and should have been entered as 9,052.4 6. The final entry in the paying-in book shows a deposit of 10,432 which was not credited to the account by the bank until 2 August 2019. 7. Three cheques paid to suppliers for 836, 1,600, and 1,300 were not presented to the bank until 5 August 2019. 8. The bank has debited a cheque for 300 in error to Max Young's account. 9. The bank statement at 31 July 2019 shows an overdrawn balance of 696

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