Part 4. Adjustments for financial statements360Cash at bank as per bank column of the cash book (Dr)Bankings made but not yet entered on bank statementBank charges on bank statement but not yet in cash bookUnpresented cheques W ShuteStanding order to Giffy Ltd entered on bank statement, but not in cash bookCredit transfer from B Barnes entered on bank statement, but not yet in cash book30.3 The following are extracts from the cash book and the bank statement of F Perry.You are required to:(a) Write the cash book up to date, and state the new balance as on 31 December 20X9, and(6) Draw up a bank reconciliation statement as on 31 December 20X9.Cash Book£20X9Dec20X9Dec20X7Jun20X7Jun**"1"**Dr1 Balance b/d7 F LambG Brack"2231 W Terry31 S Miller1 Balance b/d7 Cheque1120223131 Bank chargesB YoungF GrayChequeCredit transfer: T MorrisDr1 Balance b/d7 J May162830T WilsonF SlackG Baker3,4191011 Balance b/d7 Cheque8 F Lane16 Cheque17 J Rebus18 T Silver28 Cheque29 SLM standing order30 Flynn: trader's credit30 Bank charges20X9Dec"443192464,129Bank Statement4730.4A The bank columns in the cash book for June 20X7 and the bank statement for that monthfor D Hogan are as follows:Cash Book£1,410627520X7JunCr8 B Young15F Gray28T Errant31 Balance c/d2245822.353Bank StatementDr£46221Cr5 L Holmes12 J Rebus16 T Silver29 Blister Disco30 Balance c/dDr£1805194152Cr£431014493Cr£6275£2,740410321319320122464£462212093,4374,129Balance£3,4193,5203,0583,0373,0813,1743,127£18051941221,5912.353Balance£1,4101,4721,2921,3678488071,0319791,0431,000

Cash Book - All cash receipts and outlays, including bank deposits and withdrawals, are recorded in…

Cash at bank as per bank column of the cash book (Dr) Bankings made but not yet entered on bank statement Bank charges on bank statement but not yet in cash book Unpresented cheques W Shute Standing order to Giffy Ltd entered on bank statement, but not in cash book Credit transfer from B Barnes entered on bank statement, but not yet in cash book £ 2,740 410 32 131 93 201 30.3 The following are extracts from the cash book and the bank statement of F Perry. You are required to: (a) Write the cash book up to date, and state the new balance as on 31 December 20X9, and (b) Draw up a bank reconciliation statement as on 31 December 20X9. Fash Book

Cash at bank as per bank column of the cash book (Dr) Bankings made but not yet entered on bank statement Bank charges on bank statement but not yet in cash book Unpresented cheques W Shute Standing order to Giffy Ltd entered on bank statement, but not in cash book Credit transfer from B Barnes entered on bank statement, but not yet in cash book £ 2,740 410 32 131 93 201 30.3 The following are extracts from the cash book and the bank statement of F Perry. You are required to: (a) Write the cash book up to date, and state the new balance as on 31 December 20X9, and (b) Draw up a bank reconciliation statement as on 31 December 20X9. Fash Book

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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