Preparation of Bank Reconciliation when there is Bank Overdraft

To above the above question let us use the following example- Mr. Ajayi’s overdraft according to his Pass Book is N16500 On 30th December, cheques were issued for N8750 Cheques deposited with the bank but not yet collected= N10500 Interest on overdraft =N100 Cheque Deposited directly by customer into bank= N000.  Cheque paid into bank…