Your firms bank statement at 31st October 2018 shows a balance of K13,400. You subsequently discover that the bank has dishonoured a customers cheque for K300 and has charged bank charges of K50, neither of which is recorded in your cash book. There are unpresented cheques totaling K2400. Amounts paid in, but not yet credited by the bank, amount to K1000. You further discover that an automatic receipt from a customer of K 195 has been recorded as a credit in your cash book. Required:

Calculate the cashbook balance, prior to correcting the errors and omissions Calculate the Updated cashbook balance Prepare a bank reconciliation statement