Statement date: 30 May 2012Frequency: MonthlyAccount name: Mr PP JonathanAccount number: 129211361330 April 2012 to30 May 2012Statement period:Type: Current accountBranch: Claremont (129236)Overdraft limit R10 0002.Interest on overdraft:Up to R5 000: 9%Above R5 000: 13,5%DateTransaction detailsDebits CreditsBalance- R2 260,002012-04-30 Opening balance2012-05-01Stop order - Rent1 500,00- R3 760,002012-05-01Debit order - Multichoice225,00- R3 985,00In- R4 185,00- R4 605,002012-05-03ATM cash withdrawal200,002012-05-05Debit transfer420,002012-05-08Cash deposit (branch)500,00- R4 105,002012-05-09ATM cash withdrawal300,00- R4 405,002012-05-12Checkers - debit card purchase530,00- R4 935,0022012-05-24Credit transfer1 000,00- R3 935,002012-05-25Interest29,51R3 964,5122012-05-29 Transaction fees182,60- R4 147,11Refer2012-05-292012-05-29 Salary EFT depositOverdraft service fee24,00- R4 171,1110 500,00R6 328,893.3.Closing balanceR6 328,891.1What type of bank account is this?1.2What is the name of the bank?1.3What is the name of the account holder?1.4Give the name of the branch and branch code.1.5What period of time is represented by the statement?Comurdeshe A T ha Anc -Cole L-HomenctkUNIT 5: BANKING, LOANS AND INVESTMENTS

Types of Bank accounts: Saving account Current account Fixed deposit account Recurring deposit…

1 BR Bank Account name: Mr PP Jonathan Statement date: 30 May 2012 Account number: 1292113613 Frequency: Monthly 30 April 2012 to 30 May 2012 Statement period: Type: Current account Branch: Claremont (129236) Overdraft limit R10 000 Interest on overdraft: Up to R5 000: 9% Above R5 000: 13,5% Date Transaction details Debits Credits Balance 2012-04-30 Opening balance -R2 260,00 - R3 760,00 - R3 985,00 2012-05-01 Stop order - Rent 1 500,00 2012-05-01 Debit order - Multichoice 225,00 2012-05-03 ATM cash withdrawal 200,00 R4 185,00 2012-05-05 Debit transfer 420,00 R4 605,00 2012-05-08 Cash deposit (branch) 500,00 R4 105,00 %3D 2012-05-09 ATM cash withdrawal 300,00 R4 405,00 2012-05-12 Checkers - debit card purchase 530,00 - R4 935,00 2012-05-24 Credit transfer 1 000,00 R3 935,00 2012-05-25 Interest 29,51 R3 964,51 2012-05-29 Transaction fees 182,60 R4 147,11 2012-05-29 Overdraft service fee 24,00 - R4 171,11 2012-05-29 Salary EFT deposit 10 500,00 R6 328,89 Closing balance R6 328,89 1.1 What type of bank account is this? 1.2 What is the name of the bank? 1.3 What is the name of the account holder? 1.4 Give the name of the branch and branch code. 1.5 What period of time is represented by the statement?

1 BR Bank Account name: Mr PP Jonathan Statement date: 30 May 2012 Account number: 1292113613 Frequency: Monthly 30 April 2012 to 30 May 2012 Statement period: Type: Current account Branch: Claremont (129236) Overdraft limit R10 000 Interest on overdraft: Up to R5 000: 9% Above R5 000: 13,5% Date Transaction details Debits Credits Balance 2012-04-30 Opening balance -R2 260,00 - R3 760,00 - R3 985,00 2012-05-01 Stop order - Rent 1 500,00 2012-05-01 Debit order - Multichoice 225,00 2012-05-03 ATM cash withdrawal 200,00 R4 185,00 2012-05-05 Debit transfer 420,00 R4 605,00 2012-05-08 Cash deposit (branch) 500,00 R4 105,00 %3D 2012-05-09 ATM cash withdrawal 300,00 R4 405,00 2012-05-12 Checkers - debit card purchase 530,00 - R4 935,00 2012-05-24 Credit transfer 1 000,00 R3 935,00 2012-05-25 Interest 29,51 R3 964,51 2012-05-29 Transaction fees 182,60 R4 147,11 2012-05-29 Overdraft service fee 24,00 - R4 171,11 2012-05-29 Salary EFT deposit 10 500,00 R6 328,89 Closing balance R6 328,89 1.1 What type of bank account is this? 1.2 What is the name of the bank? 1.3 What is the name of the account holder? 1.4 Give the name of the branch and branch code. 1.5 What period of time is represented by the statement?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

A -1 Prepared by Reviewed by William, Inc. Bank Confirmation - General Account December 31, 2022 Balance per Bank at December 31, 2022 $20,200.22 * Deposit in Transit - per A-1-2 2,000.00 # Outstanding Checks - per A-1-3 (5,200.00) Other - Note Collected by Bank (10,000.00) ^ Bank Service Charge (9.50) Balance per Books at December 31, 2022 $8,990.72 * f f Column footed. ^ Amount agrees to amount recorded as a deposit on the bank statement and description agrees with receipt enclosed with 12/31/22 bank statement. This note is the Kristopher note receivable that was recorded as a receipt by the client in the cash receipts journal on January 3, 2023. The receivable was appropriately credited and properly reflected in the January cash receipts journal. No adjustment needed as bank and books simply record this in different periods. #Agreed to December 31,…
Question#01: 06 The following information pertains to TNT Company for July 2017: 1. Cash balance per bank, July 31, Tk.7,586 2. July bank service charge not recorded by the depositor Tk.30 3. Bank Debited TK. 30 for printing cheque book. 4. Cash balance per books, July 31, Tk. 7,374 5. Deposits in transit, July 31, Tk.1,000 6. The note collected by the bank was Tk.700, 3-month, 12% note in July, less fee Tk. 14. The collection has not been recorded by Crane, and no interest has been accrued. 7. Outstanding checks, July 31, Tk.591 8. A TNT Company check for TK.362, dated July 10, cleared by the bank on July 25. The company recorded this check, which was a payment on account, for TK. 326. Instructions: a) Prepare bank reconciliation as at July 31. b) Journalize the entries required by the reconciliation.
The bank statement for Unique Fashion had an ending cash balance of $2,200 on April 30, 2022. On this date the cash balance in their general ledger was $3,678. After comparing the bank statement with the company records, the following information was determined. The bank returned an NSF cheque in the amount of $350 that Unique Fashion deposited on April 20. The NSF service fee was $9. A direct deposit received from a customer on April 29 in payment of their accounts totaling $3,780. This has not yet been recorded by the company. On April 29, the bank deposited $16 for interest earned. The bank withdrew $35 for bank service charges. Deposits in transit on April 30 totalled $4,880. Required Reconcile the ledger and bank statement and create the required journal entries. Do not enter dollar signs or commas in the input boxes. Do not use negative signs. Select the proper order for the headings of the Bank Reconciliation. Cash balance per bank statement Add Outstanding deposit Adjusted bank…
Асcount Typе Opening Deposit Rate(APR) APY Checking - Variable Rate $0 0.25% 0.25% Money Market - Variable Rate $250.00 1.00% 1.01% Summer Cash - Variable Rate $0 0.99% 1.00% Holiday Cash - Variable Rate $0 0.75% 0.75%
Need immediate help with this accounting question!