ILLUSTRATION 5. (When Cash Book is prepared first and then Bank Reconciliation Statement) Following is the Cash Book (Bank columns only) of M/s B.R.S. Limited for the month of March, 2015: 14,070. By...

Extracted text: ILLUSTRATION 5. (When Cash Book is prepared first and then Bank Reconciliation Statement) Following is the Cash Book (Bank columns only) of M/s B.R.S. Limited for the month of March, 2015: 14,070. By Payments 1,50,730 By Balance c/d 1,55,200 9,600 To Balance b/d To Receipts 1,64,800 1,64,800 On scrutiny of the bank statements you find that: (a) The bank statement shows an overdrawn balance at $ 1,240. (b) Bank charges of 350 shown on the bank statement have not been entered in the cash book.© A cheque drawn for $ 470 has been entered as a receipt. (d) A cheque for $180 has been returned by the bank but not written back in the cash book. The opening balance should have been carried down as $ 14,700. (f) The cheques paid to supplier for $2,140, $3,700 and $300 have not yet been presented to the bank. (g) The last pay-in-slip of the month showing deposit of$ 15,420 has not yet been credited by the bank. (h) The bank has debited a cheque for $720 by mistake to the company's account. You are required to : (i) Rewrite the Cash Book for the month, March 2015, and (ii) Prepare a statement reconciling the adjusted balance in the cash book with the balance as per the bank statement.