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The following is a summary of the cash book of Grow Ltd for March 20X9: Cash book Opening balance b/d Receipts 4.120 Payments 46.560
The following is a summary of the cash book of Grow Ltd for March 20X9: Cash book Opening balance b/d Receipts 4.120 Payments 46.560 45.320 49,440 Closing balance c/d 2,880 49,440 On investigation you discover that at 31 March 20X9: 1. The last page of the paying-in book shows a deposit of 1,904 that has not yet been credited by the bank. 2. Two debit card payments to suppliers on the last day of the month for 642 and 1,200 have not yet cleared at the bank. 3. Dividends received of 189 are shown on the bank statement but not entered in the cash book. 4. Bank charges of 105 shown on the bank statement have not been entered in the cash book. 5. A cheque for 54 has been returned by the bank marked 'refer to drawer', but it has not been written back in the cash book. 6. A payment for 141 has been entered in error as a receipt in the cash book. 7. The bank has debited 216 in error to the company's account. Required a. Show the adjustments that should be made in the cash book. b. Prepare a bank reconciliation statement at 31 March 20X9.
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