All applicable Exercises are available in Connect. Bank reconciliation Prepare a bank reconciliation as of June 30 from the following information: The June 30 cash balance in the general ledger is $1,940. The June 30 balance shown on the bank statement is $1, 168. Checks issued but not returned with the bank statement were No. 712 for $33 and No. 723 for $160. A deposit made late on June 30 for $800 is included in the general ledger balance but not in the bank statement balance. Returned with the bank statement was a notice that a customer's check for $120 that was deposited on June 24 had been returned because the customer's account was overdrawn During a review of the checks that were returned with the bank statement, it was noted that the amount of Check No. 728 was $72 but that in the company's records supporting the general ledger balance, the check had been erroneously recorded as a payment of an account payable in the amount of $27.

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.