QUESTION

The following are extracts from the cash book and the bank statement of Corona Limited.

You are required to:

(a) Write the cash book up to date, and state the new balance as on 31 March 2020, and

(b) Draw up a bank reconciliation statement as on 31 March 2020.

Cash Book

2020 Dr K 2020 Cr (K)

Mar 1 Balance b/d 34,190 Mar 8 Muna 4,620

7 Mulenga 1,010 15 Mulemba 210

22 Musonda 440 28 Misozi 2,090

31 Banda 3,190 31 Balance c/d 34,370

31 Munsankwa 2,460

41,290 41,290

Bank Statement

2020 Dr Cr Balance

K K K

Mar 1 Balance b/d 34,190

7 Cheque 1,010 35,200

11 Muna 4,620 30,580

20 Mulemba 210 30,370

22 Cheque 440 30,810

31 Credit transfer: Tembo 930 31,740

31 Bank charges 470 31,270