The document provides information about a cash book summary prepared by Mulenga C.Ltd for receipts and payments in April 2016. It notes that the opening balance in the cash book was incorrect and lists several discrepancies found between the cash book and bank statements, including incorrect cheque and receipt entries, unrecorded bank charges, and cheques that were not credited or debited by the bank. The tasks are to calculate the correct closing balance for the cash book based on this information and prepare a bank reconciliation statement as of April 30, 2016.

1. the previous answer wasn't correct and it was short we per alot of money to get such services.
UESTION TWO Mulenga C.Ltd prepared the following summary of receipts and paym en ts
accou nt for the mon th of April 2016: Mulenga C.Ltd make all payments by cheques and all
monies received are banke dimmediately. Before prepa ring bank reconciliation an in vestigation
revealed the following: a. The ba lance brought forward from March 2016 in the ca sh book
should be K 750000 and not K 770000 a. A cheque drawn for K 128000 for a dvertising had
been in correctly entered in th e cash book as K 125000 . a Dividends received in the month of
April of k 89000 were credited by the bank but no en tries were m ade in the ca sh book. -
Business rates are pa id directly by the bank under a standing order a rrangeme nt. An a mount of
K120000 was pa id on 30 April 2016 and no entries have bee n made in the ca sh book. e) A
cheque received from Kebby for K207 000 had been seturned by the bank an dm arked
'insuffficient funds'. No a dju stm ent has been made in the cashbook. 5) A cheque for K3 5000
for miscellaneous consumables was entered in the cash book as a receipt instead of as a payment.
g Cheques received totalling K807 000 had been entered in the cashbook and p a id into the
bank, but had not been credited by the bank until 3 May. 10. Cheques drawn amounting to K
345000 had not been presented to the bank f or payment. 1 Bank service charges of K 67000
appearing on the bank statement have not b een entered in the cashbook. REQUIRED: i)
Calculate the closing balance that should appear on the cashbook taking into a ccount the
appropriate information from the inve stigation. (15 Marks) ii) Prep are a bank reconciliation
statem ent as at 30 April 2016.(10 M arks)