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 RM 2020 RM Dec Dec 6 Peypei 230 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 1,974 13 Luna 304 20 Cheque 1,709 1,970 2,064 265 22 Wilson 261 30 Tox : Standing Order Rina : Trader's Credit 31 Bank charges 94 31 1,962 2,034 102 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) 2020 RM 2020 RM Dec Dec 6 Peypei 230 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 1,974 13 Luna 304 20 Cheque 1,709 1,970 2,064 265 22 Wilson 261 30 Tox : Standing Order Rina : Trader's Credit 31 Bank charges 94 31 1,962 2,034 102 72 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
RM
2020
RM
Dec
Dec 6 Peуpei
Balance b/d
1,900
304
230
1
20 Ceria
265
10 Luna
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
1,900
1,670
Dec 1
Balance
6 Cheque
230
1,974
1,709
13 Luna
304
20 Cheque
265
22 Wilson
30 Tox : Standing Order
Rina : Trader's Credit
31 Bank charges
261
1,970
94
2,064
31
102
1,962
72
2,034
Required:
a) Prepare the updated cashbook.
b) Prepare the bank reconciliation statement as at 31 December 2020.
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