The cash book of a trader showed overdraft balance of $33000 on December 31 on scruinity of cash book and pass book it was discovered on 22dec sundry cheques totaling $6500 were sent to bank for collection out of which a cheque $1500 was wrongly recorded on credit side of cash book and cheque amounting to $ 3300 could not be collected by bank till january8 . what is the balance as per bank statement?
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PROBLEM 8 The Cash Book of a trader showed on Overdraft balance of 33,000 31st March, 2018. On scrutiny of the Cash Book and Pass Book, it was discovered that: (a) On 22nd March, sundry cheques totalling 6,500 were sent to Bank for collection out of which a cheque for 1,500 was wrongly recorded on the credit side of the Cash Book and cheques amounting to 3,300 could not be collected by the Bank till 6th April next. (b) A cheque for 4,000 was issued to a supplier on 28th March. The cheque was not presented to Bank till 10th April (c) Bank had debited 2,000 towards interest overdraft and 600 for Bank charges. But the bank advice was sent on 15th April. (d) Credit side of the Bank Column of the Cash Book was undercast by 100. (e) Cheques for 2,000 drawn for office expenses were not encashed till 2nd April. () A cheque for 1,000 was issued to a creditor on 27th March and was omitted to be entered in the Cash Book. It was, however, presented to Bank on 31st March. (8) Dividends amounted to 500 had been collected directly by the Bank and not entered in Cash Book. Required: Prepare Bank Reconciliation Statement with amended Cash Balance.