Bank Reconciliation as on April

Solution 1:
Bank Reconciliation as on April 30, 2011
Particulars Amount
($)
Balance as per books 6,823.78
Less:
Deposit in transit not received by bank (1,487.98)
Service charges not recorded in books (25.00)
NSF cheque returned by bank (1304.18)
Add:
Collection not recorded in books 600.00
Interest revenue 45.00
Cheque #321 returned but not recorded in bank statement 592.06
Cheque #368 returned but not recorded in bank statement 23.75
Balance as per banks 5,267.43
Journal Entries
Particulars Debit Credit
Accounts receivable 1,304.18
Deposit in transit 1,487.98
Service charges 25.00
Accounts receivable 600.00
Interest revenue 45.00
Accounts payable 592.06
Accounts payable 23.75
Cash 1,556.35
(To record BRS Entries)
Solution 2:
Journal entry:
Date Accounts Debit Credit
Oct 1 Petty Cash 200.00
Cash in hand 200.00
(To record establishment of petty cash a/c)