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Hi, im having trouble with a bank reconciliation question.  Additional information: (1)       Cheque number 5904 is correctly drawn for RM2,080 to pay for computer equipment. (2)       The NSF cheque shown in the statement was originally received from a customer, S.    Nilson. The return has not yet been recorded by the company. (3)       The credit memorandum is from the collection of RM1,400 note for Elisa Sdn. Bhd.    by the bank. The bank deducted RM15 collection fee. This has not been recorded by     the company too

Hi, im having trouble with a bank reconciliation question.  Additional information: (1)       Cheque number 5904 is correctly drawn for RM2,080 to pay for computer equipment. (2)       The NSF cheque shown in the statement was originally received from a customer, S.    Nilson. The return has not yet been recorded by the company. (3)       The credit memorandum is from the collection of RM1,400 note for Elisa Sdn. Bhd.    by the bank. The bank deducted RM15 collection fee. This has not been recorded by     the company too

FINANCIAL ACCOUNTING
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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Hi, im having trouble with a bank reconciliation question. 

Additional information:

(1)       Cheque number 5904 is correctly drawn for RM2,080 to pay for computer equipment.

(2)       The NSF cheque shown in the statement was originally received from a customer, S.    Nilson. The return has not yet been recorded by the company.

(3)       The credit memorandum is from the collection of RM1,400 note for Elisa Sdn. Bhd.    by the bank. The bank deducted RM15 collection fee. This has not been recorded by     the company too

Elisa Sdn. Bhd. had recently reconciled its bank statement and book balances of cash on 31 August 2020. It has been reported that there are two cheques outstanding: No. 5888 for RM1,038.05 and No. 5893 for RM484.25. The following information is available for the month of September 2020: CIMB Bank Bhd Bank Statement September 2020 Date Details/Cheques No Debit Credit Balance (RM) (RM) (RM) 1/9/2020 Balance b/d 16,800.45 NSF 588.25 16,212.20 4/9/2020 5902 731.9 15,480.30 5/9/2020 1,103.75 16,584.05 7/9/2020 5901 1,824.25 14,759.80 12/9/2020 2,226.90 16,986.70 17/9/2020 5888 1,038.05 15,948.65 20/9/2020 5905 937 15,011.65 21/9/2020 4,093.00 19,104.65 22/9/2020 5903 399.1 18,705.55 5904 2080 16,625.55 25/9/2020 2,351.70 18,977.25 28/9/2020 5907 213.85 18,763.40 29/9/2020 5909 1,807.65 16,955.75 30/9/2020 Interest 22.5 16,978.25 Credit Memorandum 1,385.00 18,363.25
Transcribed Image Text:Elisa Sdn. Bhd. had recently reconciled its bank statement and book balances of cash on 31 August 2020. It has been reported that there are two cheques outstanding: No. 5888 for RM1,038.05 and No. 5893 for RM484.25. The following information is available for the month of September 2020: CIMB Bank Bhd Bank Statement September 2020 Date Details/Cheques No Debit Credit Balance (RM) (RM) (RM) 1/9/2020 Balance b/d 16,800.45 NSF 588.25 16,212.20 4/9/2020 5902 731.9 15,480.30 5/9/2020 1,103.75 16,584.05 7/9/2020 5901 1,824.25 14,759.80 12/9/2020 2,226.90 16,986.70 17/9/2020 5888 1,038.05 15,948.65 20/9/2020 5905 937 15,011.65 21/9/2020 4,093.00 19,104.65 22/9/2020 5903 399.1 18,705.55 5904 2080 16,625.55 25/9/2020 2,351.70 18,977.25 28/9/2020 5907 213.85 18,763.40 29/9/2020 5909 1,807.65 16,955.75 30/9/2020 Interest 22.5 16,978.25 Credit Memorandum 1,385.00 18,363.25
Cash Book Date RM Date RM 1/9/20 Bal. b/d 15,278.15 3/9/20 5901 1,824.25 5/9/20 1,103.75 4/9/20 5902 731.90 12/9/20 2,226.90 5/9/20 5903 399.10 21/9/20 4,093.00 6/9/20 5904 2,050.00 25/9/20 2,351.70 10/9/20 5905 937.00 30/9/20 1,582.75 12/9/20 5906 859.30 20/9/20 5907 213.85 22/9/20 5908 276.00 25/9/20 5909 1,807.65 30/9/20 Bal. c/d 17,537.20 26,636.25 26,636.25
Transcribed Image Text:Cash Book Date RM Date RM 1/9/20 Bal. b/d 15,278.15 3/9/20 5901 1,824.25 5/9/20 1,103.75 4/9/20 5902 731.90 12/9/20 2,226.90 5/9/20 5903 399.10 21/9/20 4,093.00 6/9/20 5904 2,050.00 25/9/20 2,351.70 10/9/20 5905 937.00 30/9/20 1,582.75 12/9/20 5906 859.30 20/9/20 5907 213.85 22/9/20 5908 276.00 25/9/20 5909 1,807.65 30/9/20 Bal. c/d 17,537.20 26,636.25 26,636.25
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