The bank columns in the cash book for month of June 2020 and Maybank's bank statement for that month for James Enterprise are as follows: Cash Book Date Particulars Amount Date Particulars Amount (RM) (RM) 2020 2020 1,410 June 5 62 June 12 L Holmes J Rebus T Silver June 1 Balance b/d 180 J May T Wilson F Slack June 30 G Baker June 7 519 75 June 16 224 June 29 582 June 30 June 16 41 June 28 Blister Disco 22 Balance c/d 1,591 2.353 2.353 Maybank Bank Statement as at 30 June 2020 Date Particulars Withdrawals Deposits Balance (RM) (RM) (RM) June 1 Balance b/d 1,410 Cheque F Lane June 7 62 1,472 June 8 180 1,292 Cheque J Rebus T Silver June 16 75 1,367 June 17 519 848 June 18 41 807 June 28 Cheque 224 1,031 June 29 SLM Standing Order Flynn: Trader’s Credit Bank Charges 52 979 June 30 64 1,043 June 30 43 1,000 You are required to: (a) Draw up a Bank Reconciliation Statement as at 30 June 2020.

The bank columns in the cash book for month of June 2020 and Maybank's bank statement for that month for James Enterprise are as follows: Cash Book Date Particulars Amount Date Particulars Amount (RM) (RM) 2020 2020 1,410 June 5 62 June 12 L Holmes J Rebus T Silver June 1 Balance b/d 180 J May T Wilson F Slack June 30 G Baker June 7 519 75 June 16 224 June 29 582 June 30 June 16 41 June 28 Blister Disco 22 Balance c/d 1,591 2.353 2.353 Maybank Bank Statement as at 30 June 2020 Date Particulars Withdrawals Deposits Balance (RM) (RM) (RM) June 1 Balance b/d 1,410 Cheque F Lane June 7 62 1,472 June 8 180 1,292 Cheque J Rebus T Silver June 16 75 1,367 June 17 519 848 June 18 41 807 June 28 Cheque 224 1,031 June 29 SLM Standing Order Flynn: Trader’s Credit Bank Charges 52 979 June 30 64 1,043 June 30 43 1,000 You are required to: (a) Draw up a Bank Reconciliation Statement as at 30 June 2020.

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 bank columns in the cash book for month of June 2020 and Maybank's bank statement for
that month for James Enterprise are as follows:
Cash Book
Date
Particulars
Amount
Date
Particulars
Amount
(RM)
(RM)
2020
2020
1,410 | June 5
62 June 12
75 June 16
224 June 29
582 June 30
June 1
Balance b/d
L Holmes
180
J May
June 16 T wWilson
J Rebus
T Silver
June 7
519
41
June 28 F Slack
Blister Disco
22
June 30 G Baker
Balance c/d
1,591
2.353
2.353
Maybank Bank Statement as at 30 June 2020
Date
Particulars
Withdrawals
Deposits
Balance
(RM)
(RM)
(RM)
June 1
Balance b/d
1,410
Cheque
F Lane
June 7
62
1,472
June 8
180
1,292
Cheque
J Rebus
T Silver
June 16
75
1,367
June 17
519
848
June 18
41
807
Cheque
SLM Standing Order
June 30 Flynn: Trader's Credit
Bank Charges
June 28
224
1,031
June 29
52
979
64
1,043
June 30
43
1,000
|
You are required to:
(a) Draw up a Bank Reconciliation Statement as at 30 June 2020.

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