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Question 2 Shine Consultants' July bank statement shows the following: Date Description 1/7/23 Opening balance 6/7/23 Cheque (No. 975) 10/7/23 Deposits 17/7/23 Cheque (No. 976) 18/7/23 Cheque (No. 977) 30/7/23 Printed cheque charges 30/7/23 EFT rent collection 31/7/23 Balance 31 July 2022 . Cash receipts (Debit) Opening Balance 9 Dividend received 31 Service revenue July 1 Debit (Withdrawals) Credit (Deposits) Balance 2,400 750 Shine Consultants' cash account shows the following for the month July. Cash payments (Credit) 15,800 550 1,150 50 1,300 2,500 1,650 2,950 2,400 1,250 1,200 3,700 3,700 2,400 July 4 Mega Café-Cheque No.975 1,300 13 Supplies-Cheque No.976 12,100 14 Utilities-Cheque No.977 28 Nicole Co Projects-Cheque No.978 29 Teone Ltd. Projects-Cheque No.979 31 Closing balance Additional information The bank statement shows the correct amount ($1,150) for cheque no. 977. 750 550 750 2,000 1,500 10,250 15,80 Required a) Prepare the bank reconciliation statement for Shine Consultants at 31 July 2023. b) Journalise any transactions required from the bank reconciliation.

Question 2 Shine Consultants' July bank statement shows the following: Date Description 1/7/23 Opening balance 6/7/23 Cheque (No. 975) 10/7/23 Deposits 17/7/23 Cheque (No. 976) 18/7/23 Cheque (No. 977) 30/7/23 Printed cheque charges 30/7/23 EFT rent collection 31/7/23 Balance 31 July 2022 . Cash receipts (Debit) Opening Balance 9 Dividend received 31 Service revenue July 1 Debit (Withdrawals) Credit (Deposits) Balance 2,400 750 Shine Consultants' cash account shows the following for the month July. Cash payments (Credit) 15,800 550 1,150 50 1,300 2,500 1,650 2,950 2,400 1,250 1,200 3,700 3,700 2,400 July 4 Mega Café-Cheque No.975 1,300 13 Supplies-Cheque No.976 12,100 14 Utilities-Cheque No.977 28 Nicole Co Projects-Cheque No.978 29 Teone Ltd. Projects-Cheque No.979 31 Closing balance Additional information The bank statement shows the correct amount ($1,150) for cheque no. 977. 750 550 750 2,000 1,500 10,250 15,80 Required a) Prepare the bank reconciliation statement for Shine Consultants at 31 July 2023. b) Journalise any transactions required from the bank reconciliation.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question 2 Shine Consultants' July bank statement shows the following: Date 1/7/23 Description Opening balance 6/7/23 Cheque (No. 975) 10/7/23 Deposits 17/7/23 Cheque (No. 976) 18/7/23 Cheque (No. 977) 30/7/23 Printed cheque charges 30/7/23 EFT rent collection 31/7/23 Balance 31 July 2022 . July 1 Debit (Withdrawals) Credit (Deposits) Balance 2,400 1,650 750 15,800 550 1,150 50 Shine Consultants' cash account shows the following for the month July: Cash receipts Cash payments (Credit) (Debit) Opening Balance 9 Dividend received 31 Service revenue 1,300 2,500 2,950 2,400 1,250 1,200 3,700 3,700 2,400 July 4 Mega Café -Cheque No.975 1,300 13 Supplies-Cheque No.976 12,100 14 Utilities-Cheque No.977 28 Nicole Co Projects-Cheque No.978 29 Teone Ltd. Projects-Cheque No.979 31 Closing balance Additional information The bank statement shows the correct amount ($1,150) for cheque no. 977. 750 550 750 2,000 1,500 10,250 15,800 Required a) Prepare the bank reconciliation statement for Shine Consultants at 31 July 2023. b) Journalise any transactions required from the bank reconciliation.
Transcribed Image Text:Question 2 Shine Consultants' July bank statement shows the following: Date 1/7/23 Description Opening balance 6/7/23 Cheque (No. 975) 10/7/23 Deposits 17/7/23 Cheque (No. 976) 18/7/23 Cheque (No. 977) 30/7/23 Printed cheque charges 30/7/23 EFT rent collection 31/7/23 Balance 31 July 2022 . July 1 Debit (Withdrawals) Credit (Deposits) Balance 2,400 1,650 750 15,800 550 1,150 50 Shine Consultants' cash account shows the following for the month July: Cash receipts Cash payments (Credit) (Debit) Opening Balance 9 Dividend received 31 Service revenue 1,300 2,500 2,950 2,400 1,250 1,200 3,700 3,700 2,400 July 4 Mega Café -Cheque No.975 1,300 13 Supplies-Cheque No.976 12,100 14 Utilities-Cheque No.977 28 Nicole Co Projects-Cheque No.978 29 Teone Ltd. Projects-Cheque No.979 31 Closing balance Additional information The bank statement shows the correct amount ($1,150) for cheque no. 977. 750 550 750 2,000 1,500 10,250 15,800 Required a) Prepare the bank reconciliation statement for Shine Consultants at 31 July 2023. b) Journalise any transactions required from the bank reconciliation.
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