Shoes R Us Pty Ltds bank balance at 31st March is $4,540. Outstanding deposit $200 for February has not been received by the end of March. Received dishonoured check was from a credit sale.

Required:

1) Prepare a bank reconciliation statement at 31st March.

2) Journalise the entries required for the reconciliation.

Cash receipt journal (total receipts on March) Cash payment journal Current bank statement Current bank statement (total payments on March) (total on Dr.) (total on Cr.) $4,432 (dishonoured check $300 included) $3,766 $3,200 (automatically charged bank account fee $60 included) $4,000