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 20 Ceria 31 Baiti 230 1 Balance b/d 1,900 265 10 Luna 304 325 19 Wilson 261 1,682 2,502 31 Balance cld 29 Cikmah 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

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 20 Ceria 31 Baiti 230 1 Balance b/d 1,900 265 10 Luna 304 325 19 Wilson 261 1,682 2,502 31 Balance cld 29 Cikmah 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

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 11MC

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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

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

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