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On 28 Feb 2019, Ms. Underwood's cash account showed a debit balance of 30,680. On the same date the bank statement showed a credit balance
On 28 Feb 2019, Ms. Underwood's cash account showed a debit balance of 30,680. On the same date the bank statement showed a credit balance of 14,130. On investigation, it was discovered that: Bank charges, 60, had not been entered in the cash account. Cheques drawn by Underwood, 452, had not been presented for payment Standing orders, 1,240, had not been entered in the cash account A cheque drawn by Underwood, 460, had been entered in the cash account as 550 A cheque for, 880, issued by Underwood, had been omitted from the cash account Underwood had brought down the opening balance of 6,586 as a debit balance instead of a credit balance. A credit customer's cheque, 300, had been dishonoured by the bank. Lodgements, 1,970, on 27 February had not been credited by the bank. Underwood had not entered receipts of 530 in the cash account You are required to: Adjust Ms. Underwood's cash account as necessary. Prepare a bank reconciliation statement as at 28 February 2019
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