Energy Ltd. collected the latest bank statement for the month of August 2022. All entries appearing on the bank statement that had not been entered into the cash receipts and cash payments journals were made. The resulting balance of the Cash at Bank account in the ledger on 31 August 2022 was $16,198.73 Dr. The balance shown on the Bank Statement on 31 August 2022 was $15,079.27 Cr.

The following items recorded in the cash journals did not appear in the Bank Statement.

1. A deposit made on 31 August of $2,500.12;

2. Cheques written during August that had not been presented for payment were:

Cheque no. 411 $527.26

414 $606.40

416 $283.00

A cheque written for $26 appeared incorrectly in the Bank Statement as $62.

Requirement:

Prepare the Bank Reconciliation Statement on 31 August 2022. (6 marks)