The following attempt at a bank reconciliation statement has been prepared by Q co.
BANK RECONCILIATION
| $ | |
| Overdraft per bank statement | 2,512 |
| Add: Deposits not credited | 33,612 |
| 36,124 | |
| Less: Outstanding cheques | 3,960 |
| Balance per cash book | 32,164 |
Assuming the bank statement balance of $2,512 to be correct, what would the cash book balance be?
SUGGESTED SOLUTIONS
| $ | |
| Balance per bank statement (overdrawn) | (2,512) |
| Add: lodgements credited after date | 33,612 |
| Less: Outstanding cheques | (3,960) |
| Balance per cash book | 27,140 |