The following attempt at a bank reconciliation statement has been prepared by Q co.
BANK RECONCILIATION
| $ | |
| Overdraft per bank statement | 5,024 |
| Add: Deposits not credited | 39,214 |
| 44,238 | |
| Less: Outstanding cheques | 7,920 |
| Balance per cash book | 36,318 |
Assuming the bank statement balance of $5,024 to be correct, what would the cash book balance be?
SUGGESTED SOLUTIONS
| $ | |
| Balance per bank statement (overdrawn) | (5,024) |
| Add: lodgements credited after date | 39,214 |
| Less: Outstanding cheques | (7,920) |
| Balance per cash book | 26,270 |