The following are the cash book and bank statement of DRS Enterprise for the month ofDecember 2020:[Berikut adalah buku tunai dan penyata bank DRS Enterprise bagi bulan Disember 2020.]Cash Book (Bank Account only)2020RM2020RMDec 1 Balance b/d460 Dec 4 Cheque no. 40010 Ruby6 Cheque no. 40011 Zain8 Cheque no. 40012 Harris10 Cheque no. 40013 Wong15 Cheque no. 40014 Daud21 Cheque no. 40015 Lim2,0003 Cash2,6001,7008 Lim1,60068014 Mat1,81676018 Jay and Kay9001,60024 Bidin1,1202,30031 Balance c/d5449,0409,040Jan 1Balance b/d544Bank StatementDateChequeTransactionDebitCreditBalanceNo.CodeDec 1 Balance b/f460 Credit3CH2,6003,860 CreditSO1,0602,800 Credit8400102,000800 Credit9CQ1,6002,400 Credit11400137601,640 Credit12400111,70060 Debit14CT2,4002,340 Credit18CT1,9004,240 Credit19CQ1,8056,045 Credit20SO2,7003,345 Credit23CB83,337 Credit27400161,2002,137 Credit29400152,300163 Debit31ВС681,031 Debit Transaction CodesCB ChequebookBC Bank ChargeCHCashSOStanding OrderCredit TransferCQ ChequeСТRequired:[Dikehendaki:]a) Prepare the updated cashbook.[Sediakan buku tunai dikemaskini.]b) Prepare the bank reconciliation statement as at 31 December 2020.[Sediakan penyata penyesuaian bank pada 31 Disember 2020.]

Bank reconciliation shows the reconciliation of cash balance as books of accounts and cash balance…

The following are the cash book and bank statement of DRS Enterprise for the month of December 2020: [Berikut adalah buku tunai dan penyata bank DRS Enterprise bagi bulan Disember 2020.] Cash Book (Bank Account only) 2020 RM 2020 RM Dec 1 Balance b/d 460 Dec 4 Cheque no. 40010 Ruby 6 Cheque no. 40011 Zain 8 Cheque no. 40012 Harris 10 Cheque no. 40013 Wong 15 Cheque no. 40014 Daud 21 Cheque no. 40015 Lim 2,000 3 Cash 8 Lim 2,600 1,700 1,600 680 14 Mat 1,816 760 18 Jay and Kay 900 1,600 24 Bidin 1,120 2,300 31 Balance c/d 544 9,040 9,040 Jan 1 Balance b/d 544 Bank Statement Date Cheque Transaction Debit Credit Balance No. Code Dec 1 Balance b/f 460 Credit 3 CH 2,600 3,860 Credit 6 SO 1,060 2,800 Credit 8 40010 2,000 800 Credit CQ 1,600 2,400 Credit 11 40013 760 1,640 Credit 12 40011 1,700 60 Debit 14 CT 2,400 2,340 Credit 18 1,900 4,240 Credit 19 1,805 6,045 Credit 20 so 2,700 3,345 Credit 23 CB 8 3,337 Credit 27 40016 1,200 2,137 Credit 29 40015 2,300 163 Debit 31 ВС 68 1,031 Debit

The following are the cash book and bank statement of DRS Enterprise for the month of December 2020: [Berikut adalah buku tunai dan penyata bank DRS Enterprise bagi bulan Disember 2020.] Cash Book (Bank Account only) 2020 RM 2020 RM Dec 1 Balance b/d 460 Dec 4 Cheque no. 40010 Ruby 6 Cheque no. 40011 Zain 8 Cheque no. 40012 Harris 10 Cheque no. 40013 Wong 15 Cheque no. 40014 Daud 21 Cheque no. 40015 Lim 2,000 3 Cash 8 Lim 2,600 1,700 1,600 680 14 Mat 1,816 760 18 Jay and Kay 900 1,600 24 Bidin 1,120 2,300 31 Balance c/d 544 9,040 9,040 Jan 1 Balance b/d 544 Bank Statement Date Cheque Transaction Debit Credit Balance No. Code Dec 1 Balance b/f 460 Credit 3 CH 2,600 3,860 Credit 6 SO 1,060 2,800 Credit 8 40010 2,000 800 Credit CQ 1,600 2,400 Credit 11 40013 760 1,640 Credit 12 40011 1,700 60 Debit 14 CT 2,400 2,340 Credit 18 1,900 4,240 Credit 19 1,805 6,045 Credit 20 so 2,700 3,345 Credit 23 CB 8 3,337 Credit 27 40016 1,200 2,137 Credit 29 40015 2,300 163 Debit 31 ВС 68 1,031 Debit

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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Descriptors are provided below for six situations involving notes receivable being discounted at a bank. In each case, the maturity date of the note is December 31, 2024, and the principal and interest are due at maturity. For each situation, determine the proceeds received from the bank on discounting the note. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar. 1. $ 60,000 3/31/2024 6% 6/30/2024 8% _____ 2. 60,000 3/31/2024 6% 9/30/2024 8% _____ 3. 60,000 3/31/2024 6% 9/30/2024 12% ______ 4. 85,000 6/30/2024 4% 10/31/2024 8% ______ 5. 85,000 6/30/2024 4% 10/31/2024 12% _____ 6. 85,000 6/30/2024 4% 11/30/2024 8% ______
What is the adjustment balance of cash in bank of Mickey Mouse Corporation in December 2020?
The cash receipts and cash payments of Detuya Company for April 2020 follow: CASH RECEIPTS Cash Debit P 208,700 20,350 27,950 109,350 92,700 53,000 16,850 CASH PAYMENTS Check No. 4113 Cash Credit P 44,550 7,350 96,500 33,200 73,600 Date Apr. 2 8 4114 10 4115 16 4116 22 4117 29 4118 50,000 31,600 83,750 5,000 120,650 30 4119 4120 4121 4122 Detuya Company received the following bank statement on April 30, 2020: BANK STATEMENT April 2020 P 95,550 Beginning balance Add: Deposits and other credits: Apr. 1 P 16,300 Electronic fund transfer 208,700 20,350 27,950 109,350 68,400 Bank collection 9 12 17 22 23 92,700 543,750 Less: Checks and other debits: P 44,550 69,500 45,150 Unauthorized signature 7,350 33,200 10,950 Electronic fund transfer 73,600 Apr. 7 13 14 15 18 21 26 30 50,000 30 1,000 Service charge 335,300 P 304,000 Ending balance
The company issued a note receivable on September 30th, 2020 for OMR 10,000 with an interest rate of 5%. The maturity date of the note is 11th December, 2020. The note was honored on the maturity date. Calculate the interest amount received by the company on the maturity date assuming 360 days in a year. OMR 101.388 OMR 97.22 OMR 98.61 OMR 100 Calculate the amount of cash and cash equivalents if bank balance is OMR 50, Post-dated cheques are OMR 35, Cash in hand is OMR 75, Advance granted to employees is OMR 85, stationery on hand is OMR 36: ull lis is! TOSHIBA
The cash receipts and cash payments of Detuya Company for April 2020 follow: CASH RECEIPTS CASH PAYMENTS Cash Debit Check No. Cash Credit P 44,550 7,350 96,500 33,200 73,600 Date Apr. 2 8 P 208,700 20,350 27,950 109,350 92,700 4113 4114 10 4115 16 4116 22 4117 29 53,000 16,850 4118 50,000 31,600 83,750 5,000 120,650 30 4119 4120 4121 4122 Detuya Company received the following bank statement on April 30, 2020: BANK STATEMENT April 2020 P 95,550 Beginning balance Add: Deposits and other credits: Apr. 1 P 16,300 Electronic fund transfer 208,700 20,350 27,950 109,350 68,400 Bank collection 92,700 4 9 12 17 22 23 543,750 Less: Checks and other debits: Apr. 7 13 P 44,550 69,500 45,150 Unauthorized signature 7,350 33,200 10,950 Electronic fund transfer 73,600 50,000 1,000 Service charge 14 15 18 21 26 30 30 335,300 P 304,000 Ending balance
c) The followings are the cash book and the bank statement of Alison Baker for the month of November 2017: i) Date 2021 ii) Nov 16 G. Philip 21 J. Forker 31 S. O'Hare 31 Balance c/d REQUIRED: Date 2021 Nov 1 8 16 20 21 31 31 31 Details Balance T. MacLeod Cheque W. Milne Cash book Bank 292 369 192 1,682 5,048 Cheque G. Frank: trader's credit Standing Order Bank Charges Date 2021 Bank statement Illustrate the cash book up to date. Nov 1 6 30 W. Milne 29 S. Porter Balance T. MacLeod Debit 184 160 32 19 292 369 88 Bank Credit Balance Illustrate a bank reconciliation statement as at 31 November 2021. 4,200 184 160 504 5,048 4,200 O/D 4,384 O/D 4,092 O/D 4,252 O/D 3,883 O/D 3,795 0/D 3,827 0/D 3,846 O/D
The following transactions occurred during the month of October 2021. Date 1 2 3 4 5 6 7 9 11 12 13 14 16 20 28 30 Transactions Balance brought forward from last month: Cash RM 295; Bank RM 4,240. Cash sales RM310. Took RM 200 out of the cash register and paid it into the bank Farid paid us by cheque RM194. We paid for postage stamps in cash RM80. Bought office equipment by cheque RM310. We paid Roslan by cheque RM94. Received business refund by cheque RM115. Withdrew RM 150 from the bank for business use. Paid wages in cash RM400. Cash sales RM430. Paid motor expenses by cheque RM81. Jamal lent us RM1,500 in cash. Kamarul paid us by cheque RM174. We paid general expenses in cash RM35. Paid insurance by cheque RM320. Required: Prepare a two-columns cash book for the month of October 2021.
The bank column in the cash book for December 2020 and the bank statement for that month for King Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM Dec 6 Peypei 230 Dec 1 Balance b/d 1,900 20 Ceria 265 10 Luna 304 31 Baiti 325 19 Wilson 261 31 Balance c/d 1,682 29 Cikmah 37 2,502 2,502 Bank Statement Date Items Debit Credit Balance Dec 1 Balance 1,900 6 Cheque 230 1,670 13 Luna 304 1,974 20 Cheque 265 1,709 22 Wilson 261 1,970 30 Tox : Standing Order 94 2,064 31 Rina : Trader’s Credit 102 1,962 31 Bank charges 72 2,304 Required: Prepare the updated cashbook Prepare the bank reconciliation statement as at 31 December 2020
Upon checking, the book of Meraki on December 31, 2020 is composed of the following:· Cash on Hand- P50,000· Demand Deposit- P200,000· Time Deposit, 30 days- P100,000· DAIF Check of customer- P4,000· Money market placement (due June 30, 2021)- P150000· Savings Deposit in a closed bank- P10000· IOU from employee- P2000· Pension Fund- P300000· Petty Cash Fund- P1000· Customer’s Check dated January 1, 2022- P5000· Customer’s Check outstanding for 18 months- P4000· Unused credit line- P50000 Additional information: a. P20,000 check was recorded as payment in December 31, 2020 but is mailed on January 5, 2021 to the suppliers. b. On December 31, 2020 a check dated January 15, 2021 of P10,000 in payment of accounts payable was recorded and mailed. c. While the Cash Receipt Journal is open until January 15, 2021, an amount of P40,000 was collected and recorded on December 31, 2020. d. The company uses the calendar year.…
Question Prepare the updated cash book for the month of April 2021.
Use the information taken from BM traders to complete the following: 1. the cash book receipts and cash book payments for july 2019
Following are the balances of Bank Sohar for the year ended as on 31st December 2019 (Amounts are in 000’ OMR) PARTICULARS OMR Term loans 7,600 Cash with Central Bank of Oman 20,000 General Reserve 12,400 Share capital 8,000 Non-Banking assets 672 Land and building 2,328 Borrowings from other banks 9,500 Rebate on bills discounted 100 Notes payable 260 Cash credit and Bank overdraft 102,000 Cash with other banks 12,000 Cash in hand 760 Vehicles 5,900 Surplus transferred from income statement 3,790 Corporate securities 50,000 Money at call and short notice 3,600 Current account 84,400 Savings deposits 85,200 Other Adjustments: i. Vehicles was depreciated @ 10% ii. Additional general reserve was created for RO 620 From the above information Prepare Balance sheet and based on that information answer the following ‘3’ multiple choice questions (Do not upload Income Statement in moodle). The…