Answer:
Kingbird will have an Updated Cash Balance of $21,800
Explanation:
First Step is to Update the Bank Balance in the Cash Book
Debit :
Cash Balance before adjustment $25,080
Dishonored Cheques $460
Totals $25,540
Credit:
Bank service charge $145
Balance as per updated Cash Book $25,395
Totals $25,540
Then Prepare a Bank Reconciliation Statement
Bank Reconciliation Statement
Balance at Bank as per Cash Book $25,395
Add Unpresented Cheques $7,150
Less Lodgements not yet credit ($4,425)
Balance as per Bank Statement $21,800
Conclusion.
Kingbird will have an Updated Cash Balance of $21,800
