3. The bank column in the cash book for Mac 2020 and the bank statement for that monthfor Keris Enterprise are as follows:2020Mac 16 Param21 Joseph31 Opie31 Balance c/dCash Book (Bank Account only)2020292 Мас 1 Вalance bid6 Maria30 MelatiRMRM4,2003691841921604,19530 Suria5045,0485,048Bank StatementDateItemsDebitCreditBalance4,2004,384Mac 1 Balance8 Maria16 Cheque1842924,0924,2523,88316020 Melati21 Cheque31 Gigih Enterp : Trader's credit31 TYF: standing order369883,7953,8273,8463231 Bank charges19Required:a) Prepare the updated cashbook.b) Prepare the bank reconciliation statement as at 31 Mac 2020.

In case of any mismatch of balance of cash book and pass book, we prepare the Reconciliation…

3. The bank column in the cash book for Mac 2020 and the bank statement for that month for Keris Enterprise are as follows: 2020 Mac 16 Param 21 Joseph 31 Opie 31 Balance c/d Cash Book (Bank Account only) 2020 292 Mac 1 Balance b/d 369 RM RM 4,200 6 Maria 184 30 Melati 30 Suria 192 160 4,195 504 5,048 5,048 Bank Statement Debit Date Mac 1 Balance 8 Maria 16 Cheque Balance 4,200 4,384 Items Credit 184 292 4,092 4,252 3,883 20 Melati 160 21 Cheque 31 Gigih Enterp : Trader's credit 31 TYF: standing order 31 Bank charges 369 3,795 3,827 88 32 19 3,846 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 Mac 2020.

3. The bank column in the cash book for Mac 2020 and the bank statement for that month for Keris Enterprise are as follows: 2020 Mac 16 Param 21 Joseph 31 Opie 31 Balance c/d Cash Book (Bank Account only) 2020 292 Mac 1 Balance b/d 369 RM RM 4,200 6 Maria 184 30 Melati 30 Suria 192 160 4,195 504 5,048 5,048 Bank Statement Debit Date Mac 1 Balance 8 Maria 16 Cheque Balance 4,200 4,384 Items Credit 184 292 4,092 4,252 3,883 20 Melati 160 21 Cheque 31 Gigih Enterp : Trader's credit 31 TYF: standing order 31 Bank charges 369 3,795 3,827 88 32 19 3,846 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 Mac 2020.

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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Chapter : Bank Reconciliation Statement
The following extract from the cash book of John for the month of January shows thecompany’s bank transactions:RM RM01 Jan Balance b/f 600 18 Jan Ali 14513 Jan Uno 224 28 Jan PBA 7231 Jan Latif 186 30 Jan TNB 10931 Jan Balance c/f 6841,010 1,010The company’s bank statement for the same period is as follows: Debit (RM) Credit (RM) Balance (RM)01 Jan Balance 63503 Jan Halim 35 60013 Jan Uno 224 82423 Jan Ali 145 67931 Jan Standing order 30 649Required:a. Prepare a corrected cash book using the information given above. b. Draw up a bank reconciliation statement.
Adjusted cash balance?
B. Problem (please refer to the picture.)
The bank column in the cash book for December 2020 and the bank statement for that month for King Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM Dec 6 Peypei 230 Dec 1 Balance b/d 1,900 20 Ceria 265 10 Luna 304 31 Baiti 325 19 Wilson 261 31 Balance c/d 1,682 29 Cikmah 37 2,502 2,502 Bank Statement Date Items Debit Credit Balance Dec 1 Balance 1,900 6 Cheque 230 1,670 13 Luna 304 1,974 20 Cheque 265 1,709 22 Wilson 261 1,970 30 Tox : Standing Order 94 2,064 31 Rina : Trader’s Credit 102 1,962 31 Bank charges 72 2,304 Required: Prepare the updated cashbook Prepare the bank reconciliation statement as at 31 December 2020
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37)At Dec 31, Michael Corp has the following bank information: Cash balance per bank $4,500 Outstanding checks $200 Deposits in transit $1,000 Credit memo for interest $50 Bank service charge $25 What is Michael's adjusted cash balance on Dec 31? A)$5,425. B)$4,425. C)$5,325. D)$5,300
CHAPTER : BANK RECONCILIATION
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