Required

1. Post the journals to the Cash at Bank account and balance the account.

(10 marks)

2. Prepare a bank reconciliation statement as at 30 September.

(8 marks)

Samantha has also come to realise that even though she now has better control over her accounts receivable this will not benefit her greatly if her management and control of the cash they bring in is poor. Samantha has been doing a little reading and has found that one useful tool in controlling cash is the bank reconciliation statement. Samantha's cousin Sandy, who is now helping her out by managing her Deafening Racket Studio, completed a bank reconciliation for Samantha at the end of last month but Samantha is a little uncertain about its accuracy and would like you to complete this month's reconciliation for her. Bank Statement Debits Date Particulars Credits Balance Sep-01 2 $3470 $ 2630 Dr 840 Cr 2230 Cr 2616 Cr 3 935 936 $470 370 1860 756 7 1060 272 8937 2300 11 938 48 2336 1890 13 16 2301 939 2303 138 568 774 658 1820 18 20 21 1780 Cr 1334 Cr 1196 Cr 1286 Cr 2332 Cr 2792 Cr 1268 Dr 288 Dr 560 Dr 1428 Cr 1352 Cr 1239 Cr 941 460 560 980 4620 25 30 272 1 988 Returned Cheque Direct Deposit Account Fees Interest 76 113 TOTAL DEBITS $11 845 TOTAL CREDITS $14 714 Cash Receipts Journal Cash Payments Journal Date Cash at bank Cheque no. Cash at bank S Musik Sep 1 $1 860 936 $370 Bank Reconciliation Statement 4 756 937 1060 as at 31 August 6 272 938 2336 Balance as per bank statement $2630 Dr 10 1 890 939 568 Less: 12 658 2300 48 Outstanding Deposit 3470 16 1 820 2301 138 Add: 17 460 2302 246 Unpresented # 2299 884 20 560 2303 74 cheques: 935 470 1354 24 980 940 352 30 15 000 941 4620 Balance as per TOTAL $24 256 TOTAL $514 Cr $9 812 Cash at Bank account Additional information reveals that Cheque 2303 is correct in the bank statement but was incorrectly recorded in the Cash Payments Journal