The cash at bank ledger at SunBoost Ltd. has a debit balance of $37,932 at the end of 31 March, while the bank statement prepared at 31 March has a credit balance of $50,580.

The following information is produced by comparing the records of the SunBoost Ltd with the bank statement for March.

  1. Deposits of $6,270 is not reflected on bank statement
  2. Cheques of $18,703.5 is not presented to the bank
  3. A bank fee of $75 is charged by the bank
  4. Interest earned on bank account is $37.5
  5. A dishonoured cheque was received from a client Eric S., $1,950
  6. A note receivable of $1,932 was collected from a customer. It was paid via electronic transfer.
  7. Cheque issued for advertising expense should have been $2,685, but it was incorrectly recorded in books as $2,955


Special journals are not used. The entity records all transactions in general journal.



  1. Prepare a bank reconciliation statement for SunBoost Ltd at 31 March.
  2. Prepare necessary journal entries.
  3. What is the beginning cash balance for April shown in the cash ledger? What is the beginning cash balance shown in April’s bank statement?

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