The following attempt at a bank reconciliation statement has been prepared by Q co.
BANK RECONCILIATION
| $ | |
| Overdraft per bank statement | 7,536 |
| Add: Deposits not credited | 33,612 |
| 41,148 | |
| Less: Outstanding cheques | 2,970 |
| Balance per cash book | 38,178 |
Assuming the bank statement balance of $7,536 to be correct, what would the cash book balance be?
SUGGESTED SOLUTIONS
| $ | |
| Balance per bank statement (overdrawn) | (7,536) |
| Add: lodgements credited after date | 33,612 |
| Less: Outstanding cheques | (2,970) |
| Balance per cash book | 23,106 |