Here is the following information given for Amazon Traders account. The reconciliation on June 30 showed that the Bank Ledger Account had a credit balance of $3,182.90. (overdraft/owing) The Bank Statement had reconciled to the Bank Ledger Account after allowing for: • An outstanding deposit $733.10 and ● Unpresented cheque #324856 for $934.02 July Cash Receipt and Payments: Extract Cash Receipts Book of Amazon Traders Date 02/07 07/07 11/07 11/07 12/07 21/07 30/07 BMS Bank Statement for the month of July Particulars Brought forward 01/07 Cheque #324875 Cash/cheques deposit 02/07 Cash/cheques deposit 05/07 Cheque #324856 07/07 Cash/cheques deposit 11/07 Cash/cheques deposit 12/07 Cheque #324877 The BMS Bank Bank Statement for Amazon Traders Debit Credit Cash/cheques deposit 15/07 Cheque book fee 17/07 Cheque #324879 18/07 Cash/cheques deposit $1,446.52 21/07 Cheque #324878 24/07 L. Mami cheque dishonour Dishonour fee 25/07 Cheque # 324876 26/07 Cash/cheques deposit 31/07 Cheque #324880 01/07 3,486.72 04/07 1,538.90 08/07 436.84 12/07 2,360.20 15/07 1,039.30 20/07 846.76 28/07 $ 1,526.16 934.02 2,404.38 50.00 1,296.98 Extract Cash Payments Book of Amaz Traders 1,702.86 551.56 15.00 905.70 561.40 $733.10 1,446.52 3,486.72 1,538.90 436.84 2,360.20 #324875 #324876 #324877 #324878 #324879 #324880 #324881 1,039.30 Balance $ 2,981.98 Dr 4,508.14 Dr 3,775.04 Dr 2,328.52 Dr 3,262.54 Dr 224.18 Cr 1,763.08 Cr 641.30 Dr 204.46 Dr 254.46 Dr 1,551.44 Dr 808.76 Cr 894.10 Dr 1,445.66 Dr 1,460.66 Dr 2,366.36 Dr 1,327.06 Dr 1,888.46 Dr $1,526.16 905.70 2,404.38 1,702.86 1,296.98 561.40 1,958.30
Here is the following information given for Amazon Traders account. The reconciliation on June 30 showed that the Bank Ledger Account had a credit balance of $3,182.90. (overdraft/owing) The Bank Statement had reconciled to the Bank Ledger Account after allowing for: • An outstanding deposit $733.10 and ● Unpresented cheque #324856 for $934.02 July Cash Receipt and Payments: Extract Cash Receipts Book of Amazon Traders Date 02/07 07/07 11/07 11/07 12/07 21/07 30/07 BMS Bank Statement for the month of July Particulars Brought forward 01/07 Cheque #324875 Cash/cheques deposit 02/07 Cash/cheques deposit 05/07 Cheque #324856 07/07 Cash/cheques deposit 11/07 Cash/cheques deposit 12/07 Cheque #324877 The BMS Bank Bank Statement for Amazon Traders Debit Credit Cash/cheques deposit 15/07 Cheque book fee 17/07 Cheque #324879 18/07 Cash/cheques deposit $1,446.52 21/07 Cheque #324878 24/07 L. Mami cheque dishonour Dishonour fee 25/07 Cheque # 324876 26/07 Cash/cheques deposit 31/07 Cheque #324880 01/07 3,486.72 04/07 1,538.90 08/07 436.84 12/07 2,360.20 15/07 1,039.30 20/07 846.76 28/07 $ 1,526.16 934.02 2,404.38 50.00 1,296.98 Extract Cash Payments Book of Amaz Traders 1,702.86 551.56 15.00 905.70 561.40 $733.10 1,446.52 3,486.72 1,538.90 436.84 2,360.20 #324875 #324876 #324877 #324878 #324879 #324880 #324881 1,039.30 Balance $ 2,981.98 Dr 4,508.14 Dr 3,775.04 Dr 2,328.52 Dr 3,262.54 Dr 224.18 Cr 1,763.08 Cr 641.30 Dr 204.46 Dr 254.46 Dr 1,551.44 Dr 808.76 Cr 894.10 Dr 1,445.66 Dr 1,460.66 Dr 2,366.36 Dr 1,327.06 Dr 1,888.46 Dr $1,526.16 905.70 2,404.38 1,702.86 1,296.98 561.40 1,958.30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Here is the following information given for Amazon Traders account.
The reconciliation on June 30 showed that the Bank Ledger Account had a credit balance
(overdraft/owing) of $3,182.90.
The Bank Statement had reconciled to the Bank Ledger Account after allowing for:
An outstanding deposit $733.10
and
●
• Unpresented cheque #324856 for $934.02
July Cash Receipt and Payments:
Extract Cash Receipts Book of Amazon
Traders
02/07
07/07
11/07
11/07
12/07
21/07
30/07
BMS Bank Statement for the month of July
Date
Particulars
Brought forward
01/07 Cheque #324875
The BMS Bank
Bank Statement for Amazon Traders
Debit
Credit
Cash/cheques deposit
02/07 Cash/cheques deposit
05/07 Cheque #324856
07/07 Cash/cheques deposit
11/07 Cash/cheques deposit
12/07 Cheque #324877
Cash/cheques deposit
$ 1,446.52 01/07
3,486.72 04/0
1,538.90 08/07
436.84 12/07
2,360.20 15/07
1,039.30 20/07
846.76 28/07
15/07 Cheque book fee
17/07 Cheque #324879
18/07 Cash/cheques deposit
21/07 Cheque #324878
24/07 L. Mami cheque dishonour
Dishonour fee
25/07 Cheque # 324876
26/07 Cash/cheques deposit
31/07| Cheque #324880
$ 1,526.16
934.02
2,404.38
50.00
1,296.98
Extract Cash Payments Book of Amazon
Traders
1,702.86
551.56
15.00
905.70
561.40
$ 733.10
1,446.52
3,486.72
1,538.90
#324875
#324876
#324877
#324878
#324879
#324880
#324881
436.84
2,360.20
1,039.30
Balance
$ 2,981.98 Dr
4,508.14 Dr
3,775.04 Dr
2,328.52 Dr
3,262.54 Dr
224.18 Cr
1,763.08 Cr
641.30 Dr
204.46 Dr
254.46 Dr
1,551.44 Dr
808.76 Cr
894.10 Dr
1,445.66 Dr
1,460.66 Dr
2,366.36 Dr
1,327.06 Dr
1,888.46 Dr
$1,526.16
905.70
2,404.38
1,702.86
1,296.98
561.40
1,958.30
Transcribed Image Text:Cash Receipts
Cash Payments
Date Details Amount $ Date Details Amount $
Total
Bank Ledger Account July — (you must specify if Balance is DR or CR)
Bank 100
Date Details
1/7 Balance b/d
31/7
Receipts
31/7 Payments
Total
Debit
Write the Bank Balance amount: $
Answer:
Task 4
Prepare Bank reconciliation statement.
Bank Reconciliation Statement as of July 31
Debit balance as per Bank Statement
Add: Unpresented Cheques
Sub-total
Less: Outstanding Deposits
Credit
Credit Balance per the Bank Ledger Account
Balance
Cheque No.
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