On March 31, 2017 the bank column of the cash book of Agrawal Traders showed a credit balance of 1,18,100 (Overdraft). On examining of the cash book and the bank statement, it was found that
1. Cheques received and recorded in the cash book but not sent to the bank of collection 12,400.
2. Payment received from a customer directly by the bank 27,300 but no entry was made in the cash book.
3. Cheques issued for 1,75,200 not presented for payment. Interest of 8,800 charged by the bank was not entered in the cash book. Prepare bank reconciliation statement.

Explanation