Q.No.1 (5) Shalimar Group of Industries reports the following information concerning cash balances and cash transactions for the month of April: A Cash balance per bank statement as of April 30 was $22,992.50 a. Two debit memoranda accompany the bank statement: one for $9 was for service charges for the month; the other for $62.50 was attached to an NSF check from Rizwan. b. Included with the bank statement was $3123.25 credit memorandum for interest earned on the bank account in April. c. The paid checks returned with the April bank statement disclosed an error in Shalimar cash records. Check no.751 for $67.35 for telephone expense had erroneously been listed in the cash payments journal as $76.35. d. A collection charge for $25 (not applicable to Daytona) was erroneously deducted from the account by the bank. Notice that this was the banks error. e. Cash receipts of April 30 amounting to $484.75 were mailed to the bank too late to be included in the April bank statement. f. Checks outstanding as of April 30 were as follows: no.661 for $161.50, no.657 for $72.55, and no. 669 for $122.45. g. The cash account showed the following entries during September. CASH

April 1 Balance 17,241.52 April 30 Months Payments 12,498

April 30 Months receipts 15,341.48

Instructions:

1. Prepare a bank reconciliation Statement at September 30.