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Pembeni Stores cash book at the end of April 2023 had a debit balance brought down of Ksh 196,700 while the bank statement as at

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Pembeni Stores cash book at the end of April 2023 had a debit balance brought down of Ksh 196,700 while the bank statement as at the end of the same month had a credit balance of Ksh 121,310 . The following unrecorded information was available after comparing the Cash Book with the Bank Statement for the period 1 " to 30 April 2023. (i) The bank statement had a debit of Ksh 3,500 as service charge for maintaining the account (ii) On April 28 the bank statement shows a bounced cheque of Ksh 85,500 plus the related bank charges of K sh 1,800 . (iii)The bank statement shows that Ksh 800 was credited to the account on April 30m for interest eamed by Pembeni Stores during the month of April (iv) The bank statement shows that a cheque deposit of Ksh 108,500 reflected in Pembeni's bank account on April 29. However, on further investigation, it was established that the cheque was an erroneous credit belonging to a different entity. The error was subsequently corrected by the bank on 2-1 May. (v) During the month of April, Pembeni Stores wrote cheques totaling more than Ksh 500,000 . As of April 30 Ksh 30,210 of the cheques written in April had not yet cleared in the bank and Ksh 20,000 of eheques written in March had not yet cleared in the bank. (vi) Ksh 90,000 of cash received by Pembeni Stores on 30 April had been recorded in the cash book. However, this cash was deposited in the bank on the morning of 1st May. (vii) On April 29 Pembeni's cash book shows cash sales of Ksh 14,500 were receipted and banked on the same day. The bank statement shows the amount deposited was actually Ksh 15,400 . Upon reviewing the transaction, it was confirmed that Ksh 15,400 was the correct amount. (viii) Pembeni settles Ksh 55,000 shop rent via a standing order payment automatically scheduled for 28h of every month. This transaction had not been entered in the cash book but had already been debited in the bank statement. Required: (i) Prepare Pembeni Stores adjusted cashbook as at 30- April 2023 (10 marks) (ii) Prepare the bank reconciliation statement as at 30 April 2023 (5 marks) Total: 15 Marks

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