Shoe City Pry Ltd's bank reconciliation clerk is unable to reconcile the bank balance at 31 January. The balance o the Cash at Bank account, before any entries for transactions initiated by the bank, was $4770.20 in the company records. The clerk is's attempt at the bank reconciliation statement is as follows:

Cash balance as per bank statement $ 4392.20 Cr

Add: Dishonoured cheque 516.00

Less: Bank charges 30.00

Less: Outstanding deposits 708.00

Add: Unpresented cheques 876.00

Cash balance as per company records $ 5046.20

Req:

1. Prepare a correct bank reconciliation

2. Journalise the entries required by the reconciliation