The following are extracts from the cash book and bank statement of JOHN.

CASH BOOK AS AT 31 DECEMBER 2020

2020 P 2020 P
Dec 1 Balance b/d 3 419 Dec 8 B. Yarona 462896
7 F. Lomba 101 15 F. Gongwe 21
22 G. Bogobe 44 28 T. Phiri 209
31 W. Temba 319 31 Balance c/d 3 437
31 S. Monde 246
4 129 4 129
Balance b/d 3 437

BANK STATEMENT AS AT 31 DECEMBER 2020

2020 DR CR BALANCE
P P P
Dec 11 Balance b/d 3 419
7 Cheque 101 3 520
11 B. Yarona 462 3 058
20 F. Gongwe 21 3 037
22 Cheque 44 3 081
31 Transfer: T Moyo 93 3 174
31 Bank Charges 47 3 127

REQUIRED
a) Prepare an updated cash book and indicate the new balance as at 31
December 2020.
b) Draw up a bank reconciliation statement as at the 31 December.
.

Updated cash book

 Date Detail Amount (p) Date Detail Amount (P)
2020 2020
December December
Bal b/d 3 437
31 Transfer: 93 31 Bank charges 47
Moyo
Balance c/d 3 483
3 530 3 530
2021
January Bal b/d 3 483

Reconciliation statement for the month ending 31 December 2020

P P

Balance as per bank statement 3 127

outstanding lodgments

W Temba 319

S Monde 246 565

unpresented cheques:

T Phiri (209)

Balance as per updated cash book 3 483