3 The following extract from the cash book of Jon for the month of January shows thecompany’s bank transactions: RM RM 01 Jan Balance b/f RM600 18 Jan Ali RM145 13 Jan Uno RM224 28 Jan PBA RM 72 31 Jan Latif RM186 30 Jan TNB RM109 31 Jan Balance c/f RM684 1,010 1,010 The company’s bank statement for the same period is as follows: Debit (RM) Credit (RM) Balance (RM) 01 Jan Balance RM635 03 Jan Halim RM35 RM600 13 Jan Uno RM224 RM824 23 Jan Ali RM145 RM679 31 Jan Standing order RM30 RM649 Required: a. Prepare a corrected cash book using the information given above. b. Draw up a bank reconciliation statement.

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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Question 3
The following extract from the cash book of Jon for the month of January shows thecompany’s bank transactions:
RM RM
01 Jan Balance b/f RM600 18 Jan Ali RM145
13 Jan Uno RM224 28 Jan PBA RM 72
31 Jan Latif RM186 30 Jan TNB RM109
31 Jan Balance c/f RM684
1,010 1,010
The company’s bank statement for the same period is as follows:

Debit (RM) Credit (RM) Balance (RM)
01 Jan Balance RM635
03 Jan Halim RM35 RM600
13 Jan Uno RM224 RM824
23 Jan Ali RM145 RM679
31 Jan Standing order RM30 RM649

Required:
a. Prepare a corrected cash book using the information given above.
b. Draw up a bank reconciliation statement.

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