4. 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) RM 2020 2020 RM Dec Dec 6 Peypei 230 1 Balance b/d 1,900 304 20 Ceria 265 10 Luna 31 Baiti 325 19 Wilson 261 31 Balance c/d 29 Cikmah 1,682 2,502 37 2,502 Bank Statement Date Items Debit Credit Balance Dec 1 Balance 1,900 6 Cheque 230 1,670 1,974 1,709 13 Luna 304 20 Cheque 265 22 Wilson 261 1,970 30 Tox : Standing Order 31 Rina : Trader's Credit 94 2,064 1,962 2,034 102 31 Bank charges 72 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020.

4. 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) RM 2020 2020 RM Dec Dec 6 Peypei 230 1 Balance b/d 1,900 304 20 Ceria 265 10 Luna 31 Baiti 325 19 Wilson 261 31 Balance c/d 29 Cikmah 1,682 2,502 37 2,502 Bank Statement Date Items Debit Credit Balance Dec 1 Balance 1,900 6 Cheque 230 1,670 1,974 1,709 13 Luna 304 20 Cheque 265 22 Wilson 261 1,970 30 Tox : Standing Order 31 Rina : Trader's Credit 94 2,064 1,962 2,034 102 31 Bank charges 72 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 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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c) The followings are the cash book and the bank statement of Alison Baker for the month of November 2017: i) Date 2021 ii) Nov 16 G. Philip 21 J. Forker 31 S. O'Hare 31 Balance c/d REQUIRED: Date 2021 Nov 1 8 16 20 21 31 31 31 Details Balance T. MacLeod Cheque W. Milne Cash book Bank 292 369 192 1,682 5,048 Cheque G. Frank: trader's credit Standing Order Bank Charges Date 2021 Bank statement Illustrate the cash book up to date. Nov 1 6 30 W. Milne 29 S. Porter Balance T. MacLeod Debit 184 160 32 19 292 369 88 Bank Credit Balance Illustrate a bank reconciliation statement as at 31 November 2021. 4,200 184 160 504 5,048 4,200 O/D 4,384 O/D 4,092 O/D 4,252 O/D 3,883 O/D 3,795 0/D 3,827 0/D 3,846 O/D
Question Prepare the updated cash book for the month of April 2021.
The bank reconciliation prepared by Gatz Company on May 31, 2020, appeared as follows: GATZ COMPANY Bank Reconciliation May 31, 2020 Bank statement balance $ 9,364.35 Book balance $19,639.00 Add: Deposit of May 31 in transit 959.00 $10,323.35 Deduct: Deduct: Outstanding cheques: NSF cheque plus service charge $11,655.65 #876 643.00 #882 1,763.00 2,406.00 Bank service charge 66.00 11,721.65 Adjusted bank balance $ 7,917.35 Adjusted book balance $ 7,917.35 The Cash account in the General Ledger appeared as follows on June 30 (Gatz uses only a General Journal to record transactions): Acct. No. Cash 101 Date Explanation PR Debit Credit Balance 2020 May 31 Balance June 1 Cheque #883 1 Cheque #884 3 Cheque #885 4 Cheque #886 9 Deposit 12 Cheque #887 7,917.35 1,850.00 6,067.35 107.00 5,960.35 618.00 5, 342.35 GJ16 GJ16 GJ16 GJ16 1,917.00 3,425.35 8,011.35 425.15 7,586.20 3,143.00 4,443.20 937.00 3,506.20 7,392.20 2,540.00 4,852.20 1,406.24 3,445.96 950.96 GJ16 4,586.00 GJ16 12 Cheque #888 12…
CHAPTER : BANK RECONCILIATION
How much is the correct cash balance on December 31, 2020? * Mr. Matee Nik, the accountant of Tikoy Inc. prepared the following bank reconciliation for November 2020: Balance per ledger Bank service charges P2,372,000 (2,000) Adjusted balance P2,370,000 Balance per bank statement P2,100,000 Deposit in transit 300,000 Outstanding checks Adjusted balance (30,000) P2,370,000 Information gathered for December 2020 are as follows: Bank Book Checks recorded 2,300,000 2,360,000 Deposits recorded Collection by bank (P400,000 note plus interest) NSF check returned with Dec. 31 1,620,000 1,800,000 420,000 bank statement 10,000 Service charge 2,000 Balances 1,828,000 1,810,000
Cash book (Bank column only) – July 2022 Date 2022 Details Amount N($) Date 2022 Details Amount N($) Jul 1 Balance b/d 5 190 Jul 6 Martin 155 Jul 16 Silas 285 Jul 30 Fudi 325 Jul 21 Malala 390 Jul 30 Erik 585 Jul 31 Bob 195 Jul 31 Balance c/d 4 995 6 060 6 060 Bank Statement for July 2022 Date 2022 Details Withdrawals N($) Deposits N($) Jul 1 Balance b/d 5 190 Jul 8 Martin 155 Jul 16 Silas 285 Jul 21 Malala 390 Jul 31 Dodo 180 Jul 31 Bank charges 285 Jul 31 Standing order 65 Jul 31 Direct debit 60 Prepare updated cash book for 31 July 2022 Prepare a bank reconciliation for 31 July 2022
The folowing are extracts from the cash book and the bank statement of R. Wright. You are required to. (a) Write the cash book up to date and state the new balance as on 28 February 2020. (b) Draw up a bank reconcaliation statement as on 28 February 2020 Cash Book 2005 Feb 8 A. Kirkland 3500 Feb. 15 R. Mason Feb 28 G. Harris Feb 28 W. Mullings 330 2020 Febi Balancel 10500 350 Feb. 7 R. Clarke Feb 22 K. Hughes Feb 25 K. Wood Feb 26 A. Aiken 1230 275 220 300 750 Feb 28 C. Mills Feb 28 Bal ed 220 12395 7115 7115 12395 March I Bal bif Bank Statement 2020 Cr Balance FebI Balance bf Feb 7 R. Clarke Feb 8 A Kirkland Feb 15 R. Mason Feb 22 K. Hughes Feb 23 R. Brooks Feb 24 P. Peart Feb 28 U. Ulet Feb 28 K. Campbel 10500 10850 7350 6120 350 3500 1230 275 6395 6895 6025 7525 8325 500 870 1500 800 Updated Cash Book Date Details Felio Amount Date Detail Foho Amount Bank Reconciliation Statement aat February 28, 2020 Details
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 20 Ceria 265 31 Baiti 325 31 Balance c/d 1,682 2,502 Dec 1 Balance b/d 1,900 10 Luna 304 19 Wilson 261 29 Cikmah 37 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 2,034 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020
Sammy Joe's cash book (bank columns only) for the month of 2021 June was as follows: $ $ June 01 5 000 June 09 Wages Balance b/d Cash deposit 500 450 16 700 10 Stationery 18 M. Panton 800 23 Big D Limited 1 000 20 Rory Richards 2 500 2 680 Electric Solutions Sweet Treat Pastry 26 Sadie Jones 1 900 880 5 390 10 900 10 900 July 01 Balance b/d 5 390 Sammy Joe's bank statement for 2021 June: June 01 Balance b/d 29 30 30 Balance c/d Payments Balance Receipts $ $ $ 5 000 05 Standing order 60 4 940 09 Wages 500 4 440 10 Stationery 450 3 990 16 Cash deposit 700 4 690 18 M. Panton 800 5 490 19 Sara Stamp 570 6 060 20 Dishonoured cheque 480 5 580 21 Bank charges 100 5 480 24 Direct transfer: J. Gordon 300 5 780 30 Sweet Treat Pastry 880 4 900 A. Bring the cash book up to date, starting with the balance at 2021 June 30. B. Prepare a statement to reconcile the difference between the amended cash book balance and the balance on the bank statement at 2021 June 30.