CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 39 Discussion

The balance on LMN's cash account at 31 December 20X6 is $108,000 (debit) On performing the monthly bank reconciliation the following is discovered.

* a payment of $2,000 made to a supplier has not yet appeared on the bank statement,

* an automated receipt from a customer for $5,000 has not yet been recorded in the cash book, and

* a pigment to a supplier of $1,500 was incorrectly recorded in the cash book as $1,050

The balance showing on the bank statement at 31 December 20X6 is