24.8A The following is the cash book (bank columns) of F. King for December 2020:2020DecDr2020CrР. PanС. НоokW. BrittenBalance c/d6230Dec1Balance b/dJ. LambP. WilsonK. Coull1,90020265103043132519261311,6822,50229372,502The bank statement for the month is:2020DrCrBalance£Dec1Balance1,900 O/D1,670 O/D1,974 O/D1,709 O/D1,970 O/D2,064 O/D1,962 O/D2,034 O/DChequeJ. LambCheque222301330420265P. WilsonTox: standing order312613094F. Ray: trader's credit31102Bank charges72You are required to:(a) Write the cash book up to date to take the necessary items into account, and(b) Draw up a bank reconciliation statement as on 31 December 2020.

The bank reconciliation statement is prepared to equate the balance of cash book and pass book with…

24.8A The following is the cash book (bank columns) of F. King for December 2020: 2020 Dr £ 2020 Cr Dec P. Pan С. Нook W. Britten Balance c/d 6. 230 Dec 1 Balance b/d J. Lamb P. Wilson K. Coull 1,900 304 20 265 10 31 325 19 261 31 1,682 2,502 29 37 2,502 The bank statement for the month is: 2020 Dr Cr Balance £ Dec 1 Balance Cheque J. Lamb Cheque 22 1,900 O/D 1,670 O/D 1,974 O/D 1,709 O/D 1 970 O/D 6 230 13 304 20 265 P. Wilson 261

24.8A The following is the cash book (bank columns) of F. King for December 2020: 2020 Dr £ 2020 Cr Dec P. Pan С. Нook W. Britten Balance c/d 6. 230 Dec 1 Balance b/d J. Lamb P. Wilson K. Coull 1,900 304 20 265 10 31 325 19 261 31 1,682 2,502 29 37 2,502 The bank statement for the month is: 2020 Dr Cr Balance £ Dec 1 Balance Cheque J. Lamb Cheque 22 1,900 O/D 1,670 O/D 1,974 O/D 1,709 O/D 1 970 O/D 6 230 13 304 20 265 P. Wilson 261

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 4QY: What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the...

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

24.8A The following is the cash book (bank columns) of F. King for December 2020:
2020
Dec
Dr
2020
Cr
Р. Pan
С. Ноok
W. Britten
Balance c/d
6
230
Dec
1
Balance b/d
J. Lamb
P. Wilson
K. Coull
1,900
20
265
10
304
31
325
19
261
31
1,682
2,502
29
37
2,502
The bank statement for the month is:
2020
Dr
Cr
Balance
£
Dec
1
Balance
1,900 O/D
1,670 O/D
1,974 O/D
1,709 O/D
1,970 O/D
2,064 O/D
1,962 O/D
2,034 O/D
Cheque
J. Lamb
Cheque
22
230
13
304
20
265
P. Wilson
Tox: standing order
31
261
30
94
F. Ray: trader's credit
31
102
Bank charges
72
You are required to:
(a) Write the cash book up to date to take the necessary items into account, and
(b) Draw up a bank reconciliation statement as on 31 December 2020.

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