Amano had a bank balance on his bank statement for the month ofMay 2017 as GH¢43,730 and it did not agree with his cash bookbalance of GH¢18,080.He investigated and discovered the followinga) the opening balance in the cash book had been wronglybrought down as GH¢13,450 instead of GH¢14,350.b) cheque issued to creditors for GH¢18,500 and GH13,250 hadnot been presented for payment.c)a cheque for GH¢23,000 deposited into the bank is yet to becredited.d) dividend of GH412,500 from Addo Ltd has been paid directly to.the bank.e) the bank had paid GH¢3,600 on a standing order to aninsurance company.cash payment for rent GH41,200 had been entered in the bankcolumn of the cashbook9) bank charges totalling GHC2,700 had been omitted from thecash book.h) the bank has credited a cheque of GH48,600 belonging to Amoin error to Amano's accountsYou are required toi update the cash bookii prepare a Bank Reconciliation Statement for May 20176.

Cashbook is a special sort of book that's only concerned with the recording of monetary transactions…

Answered: Amano had a bank balance on his bank…

Amano had a bank balance on his bank statement for the month of 6. May 2017 as GH¢43,730 and it did not agree with his cash book balance of GH¢18,080. He investigated and discovered the following

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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Kameron Gibson's bank statement showed a balance of $612.85. Kameron's checkbook had a balance of $215.20. Check Number 104 for $139.80 and check Number 105 for $19.55 were outstanding. A $799.30 deposit was not on the statement. He has his payroll check electronically deposited to his checking account-the payroll check was for $1,069.10. There was also a $10.80 teller fee and an $20.70 service charge. Prepare Kameron Gibson's bank reconciliation. Note: Input all amounts as positive values. Round your answers to 2 decimal places. Kameron's checkbook balance Add: Subtotal Deduct Subtotal Reconciled balance BANK RECONCILIATION Bank balance Add: Subtotal Deduct: + Reconciled balance
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1. How much is the total book receipts in December?