Neco Model Questions Vol1 2017 Financial Accounting Question 6

The cash book shows a balance of \(\text{₦}150,000\). The bank statement balance is \(\text{₦}145,000\). Outstanding checks total three checks. One check is for \(\text{₦}5,000\). The other two checks together are twice the amount of the smallest check, and the total of the three outstanding checks is \(\text{₦}27,000\). Deposits in transit amount to \(\text{₦}8,000\) and \(\text{₦}3,500\). The bank charged a service fee of \(\text{₦}1,200\) not recorded in the cash book. A customer's cheque of \(\text{₦}4,800\) was incorrectly credited to another customer's account and later corrected, appearing as a credit of \(\text{₦}4,800\) on the bank statement but not in the cash book. Determine the adjusted cash book balance after reconciliation.