Worksheet for Bank Reconciliation

Charlie (Pty) Ltd presents the following information:

 The bank reconciliation at the end of the previous month, being 31 July
2011.
 The cash payments and cash receipts journal for the month of August 2011.
 The bank statement for the month of August 2011.

Charlie (Pty) Ltd Bank Reconciliation as at 31 July 2011

Amount
Balance per bank statement 5 500
PLUS: Outstanding cheque #60050 825
PLUS: Outstanding cheque #60051 1 750
PLUS: Outstanding cheque #60052 1 850
LESS: Deposit not recorded in bank statement (800)
LESS: Error on cheque #60055 (270)
Correct amount R2 360
Bank entry R2 630
Balance per cash journals 8 855

Charlie (Pty) Ltd Cash Payments and Cash Receipts Journal for August 2011
Date Document Debit Credit

1 Opening Balance 8 855

2 Chq 60060 - Expenses 2 000
3 Chq 60061- Expenses 3 000
5 Receipt 5001 7 000
7 Receipt 5002 6 000
9 Receipt 5003 8 000
14 Chq 60062- Expenses 1 500
15 Chq 60063- Expenses 7 700
17 Chq 60064- Expenses 1 998
18 Chq 60065- Expenses 3 250
22 Receipt 5004 15 200
23 Chq 60066 - Expenses 5 200
23 Bank statement - Debit order for Rent 5 000
23 Chq 60067- Expenses 1 000
31 Receipt 5005 - Cash Sales 5 500
Bank statement - Bank charges 150
Closing balance c/d 2 047
41 700 41 700
Closing Balance b/d 2 047
Worksheet for Bank Reconciliation

Charlie (Pty) Ltd Bank Statement as at 31 August 2011

Date Details Debit Credit Total
1 Opening Balance (5 500)
1 Deposit cash 800 (4 700)
2 Cheque 60050 825 (5 525)
3 Chq 60060 - Expenses 2 000 (7 525)
4 Receipt inward (7 525)
5 Receipt inward 7 000 (525)
7 Receipt inward 6 000 5 475
9 Receipt inward 8 000 13 475
Cheque 60051 1 750 11 725
15 Chq 60063 - Expenses 7 700 4 025
22 Receipt inward 15 200 19 225
23 Chq 60066 - Expenses 5 200 14 025
23 Rent paid 5 000 9 025
31 Bank charges 150 8 875

You are required to draft the bank reconciliation as at 31 August 2011. Assume any
errors are made by the bank.

Answer:

Charlie (Pty) Ltd Bank Reconciliation as at 31 August 2011

Amount
Balance per bank statement
Matters from prior month not resolved:

New reconciling items:

Balance per cash journals