LAns. Cash Hook Dr. Balance 3,830; Bank Dr. Balance t3,010, Dr. side Discount Total 75, Cr. side DisceuntUEDT, a cheque for3031Allowed him discount13 Sold goods for Cash14 Paid Banerjee by chequeDiscount allowed by him15 Salaries pajd to staff in Cash16 Withdrew from Bank for Office use27 Purchased typewriter and paid by cheque500501502.100(Ans. Cas1311.200tons00[Ans. Cash Book Dr. Balancet 1.200, Bank Dr. Balance t 2400, Dr. Discount Total 50; Cr. Discount TotalIMP.120]Prepare a Three Column Cash Book from the following transaction:2016Mar.Mar.Мar1 Started buainess with cash2 Deposited in State Bank of India3 Received Cash from RamAllowed him discount4 Settled Banshidhar's aceount for 500 by cheque for 4808 Withdrew from Bank for personal use6,0005.5001.560Mar1,56040MarMar 12 Deposited into Bank15 Purchased goods and paid by choqueMar 20 Received cheque from SaxonaAllowed him discountMar 24 Sold goods and received chequeAllowed discountMar. 26 Withdrew Cash from bank for office useMar. 28 Paid Banerjee cash1,0001,00080098020685151,200MarReceived discount from himMar. 29 Cash SalesMar. 30 Paid Salaries in cashBank charges60010010Total ? 25)ration of Petty Cash Bookllewing patialar

The T-accounts are prepared to record the balances for each specific account separately so as to…

LAns. Cash Book Dr. Balance t3,80, Bank Dr. Balanoe a.010, Dr. side Diacount Total 7s, Cr. side Di fice ase 27 Purchased typewriter and paid by cheque IMP. 500 s00 LAns. Cash Book Dr. Balance t 1.200, Bank Dr. Balancet 2400, Dr. Diseunt Total30 Cr. Discust Totalt 120 Prepare a Three Column Cash Boek from the fillowing transactio 2016 Mar. 1 Started business with cash Mar. 2 Deposited in State Bank of India Mar 3 Received Cash from Ram 6,000 1,500 1,560 40 Allowed him diacount Mar 4 Settled Banshidhar's areunt for 500 by choque for t480 Mar 8 Withdrew from Hank for pernal Mar 12 Deposited into Bank Mar 15 Purchased goods and paid by choque Mar 20 HReceived cheque from Saxena Allowed him diecount Mar 24 Sold goods and recsived chaque Allowed discount Mar. 26 Withdrew Cash from bank for odfice une Mar. 28 Paid Banerjee cash 1,000 1,000 800 950 20 15 1200 Received discouant from him Mar. 29 Cash Sales Mar. 30 Paid Salaries in caah Bank charges G00 100 10 Total ? 26 tion of Petty Cash Book

LAns. Cash Book Dr. Balance t3,80, Bank Dr. Balanoe a.010, Dr. side Diacount Total 7s, Cr. side Di fice ase 27 Purchased typewriter and paid by cheque IMP. 500 s00 LAns. Cash Book Dr. Balance t 1.200, Bank Dr. Balancet 2400, Dr. Diseunt Total30 Cr. Discust Totalt 120 Prepare a Three Column Cash Boek from the fillowing transactio 2016 Mar. 1 Started business with cash Mar. 2 Deposited in State Bank of India Mar 3 Received Cash from Ram 6,000 1,500 1,560 40 Allowed him diacount Mar 4 Settled Banshidhar's areunt for 500 by choque for t480 Mar 8 Withdrew from Hank for pernal Mar 12 Deposited into Bank Mar 15 Purchased goods and paid by choque Mar 20 HReceived cheque from Saxena Allowed him diecount Mar 24 Sold goods and recsived chaque Allowed discount Mar. 26 Withdrew Cash from bank for odfice une Mar. 28 Paid Banerjee cash 1,000 1,000 800 950 20 15 1200 Received discouant from him Mar. 29 Cash Sales Mar. 30 Paid Salaries in caah Bank charges G00 100 10 Total ? 26 tion of Petty Cash Book

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5.4.3P

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Received a check for $72 from a customer, Mr. White. Mr. White owed you $124. Which journal would the company use to record this transaction? A. sales journal B. purchases journal C. cash receipts journal D. cash disbursements journal E. general journal
BANK STATEMENT Date Checks Deposits Other Balance $ 48,000 40, 380 67,830 53,930 ৪9,938 ৪৪, 978 88,470 88,520 88,370 Dec. 1 $ 7,620 550 $28, 0e 13,900 11 17 23 36, e00 26 960 30 19,200 19, e00 NSF* $300 Interest earned Service charge 31 50 31 150 NSF check from J. Left, a customer. Cash (A) Dec. 1 Balance 48, 000 Deposits Checks written during December: 7,620 550 28, e00 36, 000 19,000 13,e00 Dec. 11 23 13,900 960 30 31 150 19, 200 4,500 Dec. 31 Balance 97,128 There were no deposits in transit or outstanding checks at November 30. 4. Prepare any journal entries that the company should make as a resuit of the bank reconciliatio transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet B C D E A Record the interest of $50 received from the bank. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
Continue using the journal and journalize the following transaction: Mar. 31. Received bank statement showing March bank service charge, $30.00. M45.
Balance as per cash book Cheques deposited but not credited Cheques issued and entered in cash book before 1,500 Dec 31, but not presented for payment until that date 15,000 1,000 Dividend received by the bank Payment made by bank for rent 200 1,000 Locker rent of bank not recorded in cash book 1,200 5,00 3,00 Wrong debit given by bank on Dec 30 Net banking payment entered twice in cash book From the information, prepare bank reconciliation statement to find out the bank statement balance as on December 31.
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Line rollowing inTormation appiies to the questions aispiayea Deiow.j Del Gato Clinic's cash account shows a $15,937 debit balance and its bank statement shows $15,527 on deposit at the close of business on June 30. a. Outstanding checks as of June 30 total $2,119. b. The June 30 bank statement lists a $25 bank service charge. c. Check No. 919, listed with the canceled checks, was correctly drawn for $389 in payment of a utility bill on June 15. Del Gato Clinic mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $398. d. The June 30 cash receipts of $2,513 were placed in the bank's night depository after banking hours and were not recorded on the June 30 bank statement. Exercise 6-12 Bank reconciliation LO P3 Prepare its bank reconciliation using the above information. DEL GATO CLINIC Bank Reconciliation June 30 Book balance Bank statement balance Add: Add: Deduct: Deduct: Adjusted book balance Adjusted bank balance
Bank Reconciliation Statements lecture Homework #1 ZipFlyer Inc. 's cash T-Account for May shows the foliowing information: Cash Date Commenis Amount S13,846 1.550 2,700 Date Comments Amount Cheque 75 Cheque #76 Cheque 877 Cheque 78 Cheque #79 Cheque #80 Cheque #81 Cheque #82 Cheque #83 Cheque #84 Cheque #85 Cheque 486 Opening balance Deposit May ! May 3 May 1 May I May 3 May 15 May 21 Миу 31 5550 875 Deposit Deposit Deposit Deposit May 4 1,256 May 7 May 10 May 13 Миу 17 May 21 May 25 May 28 May 29 May 31 4.950 3.684 2.600 3,000 1,100 486 548 3,058 1,244 983 68 175 May 31 Ending Balance $14,619 The following comes from the company's April 2024 Bank Statement: Date Description Balance Forward Depasit Cheque #75 Depasit Cheque #77 NSF Cheque- W. White Cheque #76 Cheyue #78 Bank Collection Cheque #79 EFT - ltilities bill Deposit Cheque #80 Depasit EFT- Telephone Cheque #82 Cheque #83 Bank plan fee Withdrawals Deposits Balance $13846 15,396 14.846 17.546 16,290 15,690 April 30 Мay 2 May 3…
Enter the following transactions in a three column cash book. 2009 Rs. January 1 Cash in hand 410Balance at bank 8,9202 Cash sales 4,5003 Paid into bank 4,0005 Purchased stationary 1008 Paid Mahesh by cheque 280Discount received 2012 Gave a cheque for cash purchases 1,50015 Drew for personal use 50020 Drew from bank 1,00021 Paid wages 80031 Bank charges as per pass book 10
K Determine the adjusted cash balance per bank for Sheryl's Packaging on November 30, from the following information: Cash balance on the bank statement Customer's check returned-NSF Customer's note collected by the bank Deposits in transit, November 30 Outstanding checks, November 30 A. $1,900 OB. $1,600 O C. $500 OD. $1,800 $3,200 300 600 1,000 3,700
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Analysis to be and ledger accounts. cash on 1 Seprember. Sept 22 Sept 24 H. of staff Sept 29 Postage 7. 13 12 This is the information for August 2007, Aug 1 Bank balance Petty cash balance Au 2 Reimbursement to petty cashier by cheque which is cashed, 2. 2,745 28 restoring cash float Aug 3 Petrol bought Aug 5 Bank charges Aug 6 Cheques received duly banked: 27 T. Grant (after cash discount $27) C. Riley (after cash discount $20) LL Aug 9 Postage Aug 11 Motor repairs Aug 13 Motor spares Aug 13 Paid the following: 121 247 F. Gordon (after cash discount $30) P Clarke (after cash discount $16) 1,170 Aug 15 Envelopes bought Aug 18 Drew cheque for wages Aug 21 Received cheque from J. Franks to settle a debt of $2,947 Aug 22 Petrol bought Aug 24 Postage Aug 26 Copying paper bought Aug 27 Paid V. Thomas to settle his account Aug 28 Cleaning materials Aug 29 Dog licence for guard dog Aug 30 Paid rent 27 624 28 549 96 2,820 27 ppear in the ge 40 15 06 staff travellig You are required to: (a)…