DateDetails13Deposit14 Standing order - Loan repaymentCheque no. 235716 Cheque no. 235817Cheque no. 235918 Credit transfer19 Deposit20 DepositDeposit23 Cheque no. 236024 Dividends receivedDebit2,000.003,000.001,000.002,600.002,400.0050.50Credit3,210.001,960.00105.50Balance37,654.9835,654.9832,654.9831,654.9829,054.9831,354.9832,854.9837,714.9840,604.9838,204.981,800.00 40,004.981,950.0041,954.9841,904.4843,004.4843,924.4844,904.4842,944.4842,838.9825 Deposit26 Cheque book charges27 DepositDepositDeposit30 Cheque no. 2362Bank ChargesOn 1 November 2014, the cash at bank account showed a debit balance of RM25,600.88.2,300.001,500.004,860.002,890.001,100.00920.00980.00Required:a. Enter the above transactions in the cash journals and show the totals as at 30 November 2014.b. Draw up the cash at bank account and show the adjusted balance as at 30 November 2014.c. Draw up a bank reconciliation statement as at 30 November 2014. 7. During November 2010, The Curiosity Shop had the following transactions.2014November2014Received cheque from a customer, Moses Tan.Cash sales banked in.4 Received cheque from a customer, Sharif Zaid.5 Paid Mind Bogglers cheque no. 2356.RReceived cheque from Tinker Toys.23910111213Paid for wooden shelves to display goods with cheque no. 2359.Received cheque for dividends on Trust Sdn. Bhd.1617Received cheque from Family Emporium.18Cash sales banked in.19 Paid Puzzle King Industries cheque no, 2360.20Paid Malaysian Heart cheque no. 2361.23Cash sales banked in.2425262730Cash sales banked in.Paid fire insurance with cheque no. 2357.Paid Games Castle with cheque no. 2358.Cash sales banked in.Date2014NovemberReceived cheque from the following customers:Iskandar ArifDavid IsaacAshley KandayahChan Meng LeeHassan DaudPaid Intrigue Planes with cheque no. 2362.Cash sales banked in.Paid for rent for December with cheque no. 2363.Paid for renovations to shop premises with cheque no. 2364.Paid salaries to staff:attemaMay LinSiti Farida.Rani ChandraCheque no. 2365Cheque no, 2366Cheque no. 2367DetailsPiha torn2 Balance b/f5Deposit6 Deposit7Deposit9 Standing order - Telecoms10 Cheque no. 2356Deposit11 Standing order - ElectricityDepositTillDobitRMAll monies received were banked daily and all payments were made by cheques. On 6 December2014, the following bank statement was received from the bank.Bank Statement540,601,450,00485.30CreditRM1,560.002,350.001.360.003,600.002,450,00RM1,5602,3501,3601,4503,600RM2,4503,0001,0003,2102,6001,5002,8904,8602,4003.1001,9501,1008009201,2009801,9603,4603,0005,00080032,1802,2302,185BalanceRM25,600.8827,160.8829,510.8830,870.8830,330.2828,880.2832,480.2831,994.9834.444.98(continued)

On 1 November 2014, the cash at bank account showed a debit balance of RM25,600.88. Required: a. Enter the above transactions in the cash journals and show the totals as at 30 November 2014. b. Draw up the cash at bank account and show the adjusted balance as at 30 November 2014. c. Draw up a bank reconciliation statement as at 30 November 2014.

On 1 November 2014, the cash at bank account showed a debit balance of RM25,600.88. Required: a. Enter the above transactions in the cash journals and show the totals as at 30 November 2014. b. Draw up the cash at bank account and show the adjusted balance as at 30 November 2014. c. Draw up a bank reconciliation statement as at 30 November 2014.

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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Answer
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