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Q34. Barry’s bank statement showed a debit balance of $13,008. When Barry was carrying out his bank
reconciliation, he found the following:
(1) Outstanding lodgements $19,680
(2) Unpresented cheques $23,280
(3) Bank charges not recorded in the cash book $432
What amount should be included in Barry’s trial balance for cash?A $16,608 credit
B $16,608 debit
C $16,176 credit
D $16,176 debitSo, you have to work back from bank statement to cash book balance. For example the bs balance will be showing too much overdrawn by 19680, but the overdraft will increase by 23280 for unpretented cheques. The bs is correct for bank charges.
Show me your reasoning and answer and I’ll tell you if you are right or where you went wrong.
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