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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Date
Details
13
Deposit
14 Standing order - Loan repayment
Cheque no. 2357
16 Cheque no. 2358
17
Cheque no. 2359
18 Credit transfer
19 Deposit
20 Deposit
Deposit
23 Cheque no. 2360
24 Dividends received
Debit
2,000.00
3,000.00
1,000.00
2,600.00
2,400.00
50.50
Credit
3,210.00
1,960.00
105.50
Balance
37,654.98
35,654.98
32,654.98
31,654.98
29,054.98
31,354.98
32,854.98
37,714.98
40,604.98
38,204.98
1,800.00 40,004.98
1,950.00
41,954.98
41,904.48
43,004.48
43,924.48
44,904.48
42,944.48
42,838.98
25 Deposit
26 Cheque book charges
27 Deposit
Deposit
Deposit
30 Cheque no. 2362
Bank Charges
On 1 November 2014, the cash at bank account showed a debit balance of RM25,600.88.
2,300.00
1,500.00
4,860.00
2,890.00
1,100.00
920.00
980.00
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7cc5f97-e371-49cd-86c2-e6803c15a14f%2F41301801-cf5a-4253-bf2b-3e6bd182e7ce%2Fz9aw9od_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Date
Details
13
Deposit
14 Standing order - Loan repayment
Cheque no. 2357
16 Cheque no. 2358
17
Cheque no. 2359
18 Credit transfer
19 Deposit
20 Deposit
Deposit
23 Cheque no. 2360
24 Dividends received
Debit
2,000.00
3,000.00
1,000.00
2,600.00
2,400.00
50.50
Credit
3,210.00
1,960.00
105.50
Balance
37,654.98
35,654.98
32,654.98
31,654.98
29,054.98
31,354.98
32,854.98
37,714.98
40,604.98
38,204.98
1,800.00 40,004.98
1,950.00
41,954.98
41,904.48
43,004.48
43,924.48
44,904.48
42,944.48
42,838.98
25 Deposit
26 Cheque book charges
27 Deposit
Deposit
Deposit
30 Cheque no. 2362
Bank Charges
On 1 November 2014, the cash at bank account showed a debit balance of RM25,600.88.
2,300.00
1,500.00
4,860.00
2,890.00
1,100.00
920.00
980.00
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.
![7. During November 2010, The Curiosity Shop had the following transactions.
2014
November
2014
Received 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.
R
Received cheque from Tinker Toys.
2
3
9
10
11
12
13
Paid for wooden shelves to display goods with cheque no. 2359.
Received cheque for dividends on Trust Sdn. Bhd.
16
17
Received cheque from Family Emporium.
18
Cash sales banked in.
19 Paid Puzzle King Industries cheque no, 2360.
20
Paid Malaysian Heart cheque no. 2361.
23
Cash sales banked in.
24
25
26
27
30
Cash sales banked in.
Paid fire insurance with cheque no. 2357.
Paid Games Castle with cheque no. 2358.
Cash sales banked in.
Date
2014
November
Received cheque from the following customers:
Iskandar Arif
David Isaac
Ashley Kandayah
Chan Meng Lee
Hassan Daud
Paid 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:
attema
May Lin
Siti Farida.
Rani Chandra
Cheque no. 2365
Cheque no, 2366
Cheque no. 2367
Details
Piha torn
2 Balance b/f
5
Deposit
6 Deposit
7
Deposit
9 Standing order - Telecoms
10 Cheque no. 2356
Deposit
11 Standing order - Electricity
Deposit
Till
Dobit
RM
All monies received were banked daily and all payments were made by cheques. On 6 December
2014, the following bank statement was received from the bank.
Bank Statement
540,60
1,450,00
485.30
Credit
RM
1,560.00
2,350.00
1.360.00
3,600.00
2,450,00
RM
1,560
2,350
1,360
1,450
3,600
RM
2,450
3,000
1,000
3,210
2,600
1,500
2,890
4,860
2,400
3.100
1,950
1,100
800
920
1,200
980
1,960
3,460
3,000
5,000
8003
2,180
2,230
2,185
Balance
RM
25,600.88
27,160.88
29,510.88
30,870.88
30,330.28
28,880.28
32,480.28
31,994.98
34.444.98
(continued)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb7cc5f97-e371-49cd-86c2-e6803c15a14f%2F41301801-cf5a-4253-bf2b-3e6bd182e7ce%2Fg6f6vogw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. During November 2010, The Curiosity Shop had the following transactions.
2014
November
2014
Received 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.
R
Received cheque from Tinker Toys.
2
3
9
10
11
12
13
Paid for wooden shelves to display goods with cheque no. 2359.
Received cheque for dividends on Trust Sdn. Bhd.
16
17
Received cheque from Family Emporium.
18
Cash sales banked in.
19 Paid Puzzle King Industries cheque no, 2360.
20
Paid Malaysian Heart cheque no. 2361.
23
Cash sales banked in.
24
25
26
27
30
Cash sales banked in.
Paid fire insurance with cheque no. 2357.
Paid Games Castle with cheque no. 2358.
Cash sales banked in.
Date
2014
November
Received cheque from the following customers:
Iskandar Arif
David Isaac
Ashley Kandayah
Chan Meng Lee
Hassan Daud
Paid 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:
attema
May Lin
Siti Farida.
Rani Chandra
Cheque no. 2365
Cheque no, 2366
Cheque no. 2367
Details
Piha torn
2 Balance b/f
5
Deposit
6 Deposit
7
Deposit
9 Standing order - Telecoms
10 Cheque no. 2356
Deposit
11 Standing order - Electricity
Deposit
Till
Dobit
RM
All monies received were banked daily and all payments were made by cheques. On 6 December
2014, the following bank statement was received from the bank.
Bank Statement
540,60
1,450,00
485.30
Credit
RM
1,560.00
2,350.00
1.360.00
3,600.00
2,450,00
RM
1,560
2,350
1,360
1,450
3,600
RM
2,450
3,000
1,000
3,210
2,600
1,500
2,890
4,860
2,400
3.100
1,950
1,100
800
920
1,200
980
1,960
3,460
3,000
5,000
8003
2,180
2,230
2,185
Balance
RM
25,600.88
27,160.88
29,510.88
30,870.88
30,330.28
28,880.28
32,480.28
31,994.98
34.444.98
(continued)
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