ILLUSTRATION 1: (a) Cheque issued amounting to N12,500 had not been presented for payment. (b) The bank rejected cheques

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ILLUSTRATION 1: (a) Cheque issued amounting to N12,500 had not
been presented for payment. (b) The bank rejected cheques amounting
to N700. ( c) Standing order of N3,500 to a club was not taken into
consideration. (d) A customer, Segun paid N850 directly into the
bank without any notice to the firm. (e) Bank charges of N800, were
entered in the bank statement only. (f) A dividend of N1,250 was
paid directly into the bank and not recorded in the cash book. (g)
You are required to prepare the Bank Reconciliation Statement for
the month of July 2005. Cheques for N8,250 were entered into the
cash book and paid to the bank but had not been cleared thus not
credited. On 31st July 2005, Adebanjo's Cash book showed a debit
balance of N20,000. His bank statement showed a balance of N21,350.
On comparison the following were found: