Tony is unable to reconcile the bank balance at 31 January. Tonys reconciliation is as follows.

Required

• Prepare a correct bank reconciliation.
• Journalise the entries required by the reconciliation.

• Tony is unable to reconcile the bank balance at 31 January. Tonys reconciliation is as follows.

  Required

• Prepare a correct bank reconciliation.
• Journalise the entries required by the reconciliation

Cash blaance per bank 4660 .20

ADd Nsf cheque 590

less bank service charge 25

adjusted blaance per bank 5225.20

Cash balance per books 4875.20

Less: deposit in transit 530

add:outstanding cheques 930

adjusted blanace per books 5,275.20