Wood Manufacturing Co. has the balance per bank statement of Rs. 40,000 while the balance according to Company’s record was Rs. 43,600. The further details not recorded are as follows; a. Deposits of...

Wood Manufacturing Co. has the balance per bank statement of Rs. 40,000 while the balance according to Company’s record was Rs. 43,600. The further details not recorded are as follows;

a. Deposits of Rs. 5,000 was not recorded by bank in the statement

b. The following three cheques were also not recorded by bank;

 Cheque No. 010 – Rs. 1,000

 Cheque No. 020 – Rs. 1,200

c. Credit memoranda including interest earned of Rs. 1000.

d. Debit memoranda including service charges of Rs. 600 and NSF charges of Rs. 1200.

Required: Prepare the Bank reconciliation statement and the required adjusted journal entries.