22.Abdulla's cash book (bank column) had a debit balance of $ 515 on 30 April 2003. This did not agree with the bank statement of the same date which showed a balance of $290. The cash book was checked against the bank statement and the following differences were found: • Cheques totaling $ 620 issued to trade payables had not been presented to the bank for payment. An amount of $ 950 paid into the bank did not appear on the bank statement. • Cash sales deposited into the bank amounting to $390 had been omitted from the cash book. The bank had received $ 150 by credit transfer (bank giro) from Klerk for Abdulla's account. Abdulla had not been advised. • Acheque for $ 315 received from Joseph had been paid into the bank but it had now been returned unpaid. No action has been taken by Abdulla. The following transaction by the bank had not been recorded in the cash book: bank charges $ 120 (a) Prepare an updated and balanced cash book Abdulla Cashbook

22.Abdulla's cash book (bank column) had a debit balance of $ 515 on 30 April 2003. This did not agree with the bank statement of the same date which showed a balance of $290. The cash book was checked against the bank statement and the following differences were found: • Cheques totaling $ 620 issued to trade payables had not been presented to the bank for payment. An amount of $ 950 paid into the bank did not appear on the bank statement. • Cash sales deposited into the bank amounting to $390 had been omitted from the cash book. The bank had received $ 150 by credit transfer (bank giro) from Klerk for Abdulla's account. Abdulla had not been advised. • Acheque for $ 315 received from Joseph had been paid into the bank but it had now been returned unpaid. No action has been taken by Abdulla. The following transaction by the bank had not been recorded in the cash book: bank charges $ 120 (a) Prepare an updated and balanced cash book Abdulla Cashbook

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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