19.4XC. Chester keeps a cash book with bank columns and discount columns only. All petty cash paid outis entered in a petty cash book. All payments above $50 are by cheque, below that figure by cash.This is the information for August 2007.2007Aug 1 Bank balancePetty cash balance2,74529Aug 2 Reimbursement to petty cashier by cheque which is cashed,restoring cash float271Aug 3 Petrol boughtAug 5 Bank chargesAug 6 Cheques received duly banked:1977T. Grant (after cash discount $27)C. Riley (after cash discount $20)513380Aug 9 PostageAug 11 Motor repairsAug 13 Motor sparesAug 13 Paid the following:4824733F. Gordon (after cash discount $ 30)P Clarke (after cash discount $16)1,170624Aug 15 Envelopes boughtAug 18 Drew cheque for wagesAug 21 Received cheque from J. Franks to settle a debt of $2,947Aug 22 Petrol boughtAug 24 PostageAug 26 Copying paper boughtAug 27 Paid V. Thomas to settle his accountAug 28 Cleaning materialsAug 29 Dog licence for guard dogAug 30 Paid rent285492,820274016392115390You are required to:(a) write up and balance the cash book;

19.4XC. Chester keeps a cash book with bank columns and discount columns only. All petty cash paid out is entered in a petty cash book. All payments above $50 are by cheque, below that figure by cash. This is the information for August 2007. 2007 Aug 1 Bank balance Petty cash balance 2,745 29 Aug 2 Reimbursement to petty cashier by cheque which is cashed, restoring cash float Aug 3 Petrol bought Aug 5 Bank charges Aug 6 Cheques received duly banked: 271 19 77 T. Grant (after cash discount $27) C. Riley (after cash discount $20) 513 380 48 247 Aug 9 Postage Aug 11 Motor repairs Aug 13 Motor spares Aug 13 Paid the following: 33 F. Gordon (after cash discount $30) P Clarke (after cash discount $16) 1,170 624 Aug 15 Envelopes bought Aug 18 Drew cheque for wages Aug 21 Received cheque from J. Franks to settle a debt of $2,947 Aug 22 Petrol bought Aug 24 Postage Aug 26 Copying paper bought Aug 27 Paid V. Thomas to settle his account Aug 28 Cleaning materials Aug 29 Dog licence for guard dog Aug 30 Paid rent 28 549 2,820 27 40 16 39 21 15 390 You are required to: (a) write up and balance the cash book;

19.4XC. Chester keeps a cash book with bank columns and discount columns only. All petty cash paid out is entered in a petty cash book. All payments above $50 are by cheque, below that figure by cash. This is the information for August 2007. 2007 Aug 1 Bank balance Petty cash balance 2,745 29 Aug 2 Reimbursement to petty cashier by cheque which is cashed, restoring cash float Aug 3 Petrol bought Aug 5 Bank charges Aug 6 Cheques received duly banked: 271 19 77 T. Grant (after cash discount $27) C. Riley (after cash discount $20) 513 380 48 247 Aug 9 Postage Aug 11 Motor repairs Aug 13 Motor spares Aug 13 Paid the following: 33 F. Gordon (after cash discount $30) P Clarke (after cash discount $16) 1,170 624 Aug 15 Envelopes bought Aug 18 Drew cheque for wages Aug 21 Received cheque from J. Franks to settle a debt of $2,947 Aug 22 Petrol bought Aug 24 Postage Aug 26 Copying paper bought Aug 27 Paid V. Thomas to settle his account Aug 28 Cleaning materials Aug 29 Dog licence for guard dog Aug 30 Paid rent 28 549 2,820 27 40 16 39 21 15 390 You are required to: (a) write up and balance the cash book;

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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From the give Problem 2, What is the adjusted cash in bank on December 31?
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D5.