a) Prepare an adjusted cash book for the month b) Prepare a bank reconciliation statement.
a) Prepare an adjusted cash book for the month b) Prepare a bank reconciliation statement.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question Two
You have been provided with the cashbook and bank statement of Nii Owuley Lartey
Enterprise for the month of October 2021.
CASH BOOK (BANK COLUMN)
GHC
4,900 Oct. 3
1.200 loct. 5
3,100 Oct. 13
900 Joct. 15
1,210 Oct. 22
5,400 Oct. 30
ОСТ. 2021
OCT. 1
Oct. 5
ОСТ. 2021
GHC
Adjetey
Nuumo
Bal bf
1,320
Sefa
900
Oct. 6
Yevu
Akweley
1.450
Oct. 9
Креда
Akorkor
987
Oct. 12
Selasi
Adjorkor
Bal. cf
600
Oct. 14
Oct. 15
ОСТ. 19 Аdгovi
Agbesi
13,258
Yao
540
465
Oct.22
Abla
80
18,515
18,515
BANK STATEMENT
DATE
PARTICULARS
DEPOSIT WITHDRAWAL
BALANCE
GHC
GHC
GHC
OCT. 1 Opening balacce
Oct.2
Sefa
Adjetey
4,900
6,100
4,780
1,200
Oct. 3
1,320
Oct. 10 Kpega
Oct. 11
Oct. 12
Oct. 12
Oct. 13 Akweley
Oct. 14 GCB- Dividend
Oct. 15
Oct. 15
900
5,680
5,230
DSTV bills
Dzifa
Selasi
450
2,750
1,210
7,980
9,190
7,740
9,220
1,450
1,480
Akorkor
Selasi- dishonoured
Service charge
Yao
Mawuto- Mobile money
Data Bank- interest
1,087
8,133
6,923
6,798
7,338
9,638
10,378
9,853
10,403
11,203
11,079
9,849
1,210
Oct. 17
125
Oct. 18
Oct. 18
540
2,300
Oct. 19
Oct. 20 Insurance premium
Oct. 22 Daavi - transfer
Oct. 23
Oct. 25 Monthly service charge
Oct. 28 Autopay - Adza
740
525
550
Abla
800
124
1,230
Note:
Cheque received from Akorkor amounting to GHC1,087 was recorded in error
as GHC987 in the cashbook
Required:
a) Prepare an adjusted cash book for the month
b) Prepare a bank reconciliation statement.
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