required to: (a) Write the cash book up to date and state the new balance as on 30 September 2020. (b) Draw up a bank reconciliation statement as on 30 September 2020 Cash Book 2020 Sep 1 Balance b/f 12000 Sep.9 R. Warren Sep. 25 L Hughes Sep. 26 U. Baker Sep. 28 Y. York Sep. 29 C. Smith 450 575 405 860 2005 Sep. 9 A. Burton 4500 Sep. 10 R. Myers Sep. 24 K, Hensley 320 Sep. 27 C. Keп Sep 29 K. King Sep. 30 Bal c/d 1130 520 400 340 14630 7760 7760 12395 Oct 1 Bal bif Bank Statement 2020 Dr Cr Balance Sep 1 Balance b/f Sep. 9 R. Warren Sep. 9 A. Burton Sep. 15 R. Mason Sep. 25 L. Hughes Sep. 23 R. Brooks Sep. 24 P. Peart Sep. 28 Y. York Sep. 28 K. Campbell Sep. 29 K. King 12000 12450 7950 6720 7295 7795 6925 7785 8585 8185 450 4500 1230 575 500 870 860 800 400

required to: (a) Write the cash book up to date and state the new balance as on 30 September 2020. (b) Draw up a bank reconciliation statement as on 30 September 2020 Cash Book 2020 Sep 1 Balance b/f 12000 Sep.9 R. Warren Sep. 25 L Hughes Sep. 26 U. Baker Sep. 28 Y. York Sep. 29 C. Smith 450 575 405 860 2005 Sep. 9 A. Burton 4500 Sep. 10 R. Myers Sep. 24 K, Hensley 320 Sep. 27 C. Keп Sep 29 K. King Sep. 30 Bal c/d 1130 520 400 340 14630 7760 7760 12395 Oct 1 Bal bif Bank Statement 2020 Dr Cr Balance Sep 1 Balance b/f Sep. 9 R. Warren Sep. 9 A. Burton Sep. 15 R. Mason Sep. 25 L. Hughes Sep. 23 R. Brooks Sep. 24 P. Peart Sep. 28 Y. York Sep. 28 K. Campbell Sep. 29 K. King 12000 12450 7950 6720 7295 7795 6925 7785 8585 8185 450 4500 1230 575 500 870 860 800 400

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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

The following are extracts from the cash book and the bank statement of K. Brown. You are
required to:
(a) Write the cash book up to date and state the new balance as on 30 September 2020.
(b) Draw up a bank reconciliation statement as on 30 September 2020
Cash Book
2020
Sep 1 Balance b/f 12000
Sep.9 R. Warren
Sep. 25 L Hughes
Sep. 26 U. Baker
Sep. 28 Y. York
Sep. 29 C. Smith
2005
Sep. 9 A. Burton 4500
Sep. 10 R. Myers
Sep. 24 K, Hensley 320
Sep. 27 C. Kerr
Sep 29 K. King
Sep. 30 Bal c/d
450
1130
575
405
520
860
400
340
14630
7760
12395
Oct 1 Bal bif
7760
Bank Statement
2020
Dr
Balance
Sep 1 Balance b/f
Sep. 9 R. Warren
Sep. 9 A. Burton
Sep. 15 R. Mason
Sep. 25 L. Hughes
Sep. 23 R. Brooks
Sep. 24 P. Peart
Sep. 28 Y. York
Sep. 28 K. Campbell
Sep. 29 K. King
12000
450
12450
4500
7950
1230
6720
575
500
7295
7795
870
6925
7785
860
800
8585
400
8185

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