Neco Model Questions Vol1 2023 Financial Accounting Question 48

The cash book of a business shows a closing balance of \(\text{₦}150,000\) on 30 June. The bank statement for the same date shows a closing balance of \(\text{₦}158,000\). The following items need to be considered in the reconciliation:\n\n- Deposits in transit of \(\text{₦}12,000\) (recorded in the cash book but not yet on the bank statement).\n- Outstanding checks totalling \(\text{₦}9,000\) (recorded in the cash book but not yet cleared by the bank).\n- Bank service fees of \(\text{₦}1,200\) (deducted by the bank, not yet recorded in the cash book).\n- A customer's cheque of \(\text{₦}3,500\) was returned NSF; it had been recorded as cash received in the cash book.\n- A clerical error recorded a cheque of \(\text{₦}20,000\) instead of \(\text{₦}2,000\).\n\nAfter making all necessary adjustments, what is the adjusted cash‑book balance?