According to the cash-book of Mihir there was balance of 4,45,000 in his bank on 30 th June, 2024 On investigation you find that : (i) Cheques…

According to the cash-book of Mihir there was balance of 4,45,000 in his bank on 30 th June, 2024 On investigation you find that : (i) Cheques amounting to 60,000 issued to creditors have not been presented for payment till the date (ii) Cheques paid into bank amounting to 1,10,500 out of which cheques amounting to 55,000 only collected by bank up to 30 th June, 2024 (iii) A dividend of 4,000 and rent amounting to 60,000 received by the bank and entered in the pass-book but not recorded in the cash book. (iv) Insurance premium (up to 31 st December, 2023) paid by the bank - 2,700 not entered in the cash book. (v) The payment side of the cash book had been under cast by - 500 (vi) Bank charges 150shown in the pass book had not been entered in the cash book. (vii) A bill payable of 20,000 had been paid by the bank but was not entered in the cash book and bill receivable for 6,000 had been discounted with the bank at a cost of 100which had also not been recorded in cash book. You are required: (1) To make the appropriate adjustments in the cash book, and (2) To prepare a statement reconciling it with the bank pass book .