KONA LTD

Bank reconciliation statement

as at 30 November 2020

Cash balance per bank statement				$14 367.90
Add: Outstanding deposits				2 530.20
				16 898.10
Less: Unpresented cheques
	Cheque no. 3451	$2 260.40
	Cheque no. 3470	270.10
	Cheque no. 3471	844.50
	Cheque no. 3472	1 426.80
	Cheque no. 3474	1 500.00		6 301.80
Cash balance as per ledger				$10 596.30

The adjusted cash balance per bank agreed with the cash balance per books at October 31.

The December bank statement showed the following cheques and deposits

Information from bank statement
Cheques					Deposits
Date	Number	Amount			Date	Amount
1-17	3451	$2 260.40			1-17	$2 530.20
2-17	3471	844.50			4-17	1 211.60
7-17	3472	1 426.80			8-17	2 365.10
4-17	3475	1 640.70			16-17	2 672.70
8-17	3476	1 300.00			21-17	2 945.00
10-17	3477	2 130.00			26-17	2 567.30
15-17	3479	3 080.00			29-17	2 836.00
27-17	3480	600.00			30-17	1 025.00
30-17	3482	475.50			Total	$18 152.90
29-17	3483	1 140.00
31-17	3485	540.80
	Total	$15 438.70

Kona Ltd's cash records for December showed the following:

Cash payments journal							Cash receipts journal
Date	Cheque number	Amount	Date	Cheque number	Amount		Date	Amount banked
1-17	3475	$1 640.70	20-17	3482	$475.50		3-17	$1 211.60
2-17	3476	1 300.00	22-17	3483	1 140.00		7-17	2 365.10
2-17	3477	2 130.00	23-17	3484	832.00		15-17	2 672.70
4-17	3478	538.20	24-17	3485	450.80		20-17	2 954.00
8-17	3479	3 080.00	30-17	3486	1 389.50		25-17	2 567.30
10-17	3480	600.00	Total		$14 384.10		28-17	2 836.00
17-17	3481	807.40					30-17	1 025.00
							31-17	1 190.40
							Total	$16 822.10

The bank statement contained two items.

1.	A credit of $3 145 for the collection of a $3 000 note for Kona Ltd; plus interest of $160 and less a collection fee of $15. Kona Ltd has not accrued any interest on the note.
2.	A debit of $647.10 for a NSF cheque written by A. Jordan, a customer. At 31 December the cheque had not been redeposited by the bank.

At 31 December the cash balance per Kona Ltd records before preparation of the reconciliation was $13 034.30, and the cash balance per bank statement was $19 580.00. The bank did not make any errors, but two errors were made by Kona Ltd.

Date	Particulars	Debit	Credit
31 Dec.
	(To record the collection of note receivable)
31 Dec.
	(To record NSF cheque)
31 Dec.
	(To record cheque error)
31 Dec.
	(To record deposit error)

Cash balance per bank statement $ Add: Less: $ Original balance of Cash at bank account $ Add: Collection of note receivable Less: $ ta