Upon investigation, the following were discovered:

1.Bank charges of RM70 shown on the bank statement have not been entered in the cashbook.

2.A check drawn for RM94 has been entered in error as a receipt in the cash book.

3.An error has occurred in the opening balance in the cash book where the opening balanceshould have been carried down as RM2,940.

4.Three checks paid to suppliers for RM428, RM740 and RM60 have not yet beenpresented to the bank.

5.Credit transfer of RM600 from Marvin was entered in the bank statement but not in thecash book.

6.A check received from Moonlight Berhad for RM606 and credited in the bank statementon 15 May 2018 has now been dishonoured and debited in the bank statement on 19 May2018. The only entry in the cash book for this check was its receipt on 12 May 2018.

7.The last page of the cash book shows a deposit of RM3,084 which has not been creditedto the account by the bank.

8.The bank has debited a check for RM144 in error to Dannys account.

9.A standing order of RM210 of Dannys loan repayment has been recorded in the bankstatement but is not updated in the cash book.

10. The bank statement shows an overdrawn balance of RM428

Required:

I) Updated cash book (7 marks)

ii) Bank reconciliation statement as at 31 May 2018.

REVISION SET 2 Question 1 (a) The following is a summary from the cash book of Danny Enterprise for May 2018. Date Item 31-May Balance b/d Receipts Cash Book RM Date Item 2,814 31-May Payments 30,146 Balance c/d 32,960 RM 31,040 1,920 32,960 Upon investigation, the following were discovered