Write up two-column cash book from the following details, and balance off as at the end of the month 2022 JUNE 01 Balance Brought forward from last month: Cash $105, Bank $2164 2 Cash sales $605 3 took $ 500 out of the cash till and paid it into the bank 4 J Matthews paid us by cheque $ 217 5 We paid for postage stamps in cash $ 60 6 Bought office equipemtn by cheque $ 72 7 We paid J Lucas by cheque $ 50 9 Received rates refunds by cheques $ 72 11 Withdrew $ 250 from the bank for business use

Write up two-column cash book from the following details, and balance off as at the end of the month 2022 JUNE 01 Balance Brought forward from last month: Cash $105, Bank $2164 2 Cash sales $605 3 took $ 500 out of the cash till and paid it into the bank 4 J Matthews paid us by cheque $ 217 5 We paid for postage stamps in cash $ 60 6 Bought office equipemtn by cheque $ 72 7 We paid J Lucas by cheque $ 50 9 Received rates refunds by cheques $ 72 11 Withdrew $ 250 from the bank for business use

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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Question 1: Enter the following in the three-column cash book of an office supply shop. Balance off the cash book at the end of the month and show the discount accounts in the general ledger. 2017 June 1 Balances brought forward: Cash: RM420; Bank RM4,940 (credit). 2 The following paid their accounts by cheque, in each case deducting 5% cash discounts: S Braga RM820; L Pine RM320; G Hodd RM440; M Rae RM1,040. 3 Cash sales paid direct into the bank RM740. 5 Paid rent by cash RM340. 6 We paid the following accounts by cheque, in each case deducting a 2.5% cash discount: M Peters RM360; G Graham RM960; F Bell RM400. 8 Withdrew cash from the bank for business use RM400. 10 Cash sales RM1,260. 12 B Age paid us their account of RM280 by cheque less RM4 cash discount. 14 Paid wages by cash RM540. 16 We paid the following accounts by cheque: R Todd RM310 less cash discount RM15; F Dury RM412 less cash discount RM12.…
Exam 3 (Chapters 5-6) 28 Book The following information is available for Birch Company at December 31 Cash in registers Investment naturing in 9 years Accounts receivable Cash in bank account Accounts payable Cash in petty cash fundi Inventory of postage stamps U.S. Treasury bill maturing in 15 days Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of Multiple Choice O $40.606 $43.091 $38,061 $39,066 $54,261 $ 2,910 $ 16,200 $ 1,775 $ 23,631 $ 770 $ 320 $ 30 $ 11,200
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The following information is available for Birch Company at December 31: Cash in registers Investment maturing in 9 years Accounts receivable Cash in bank account Accounts payable Cash in petty cash fund Inventory of postage stamps U.S. Treasury bill maturing in 15 days Based on this information, Birch Company should report Cash and Cash Equivalents on December 31 of Multiple Choice O O $42136 $40,476 $39,381 $44,417 $ 2,970 $ 16,800 $ 1,925 $ 24,231 $830 $380 $36 $ 11,800 $56,181
st .fm K The following information is needed to reconcile the cash balance for Gourmet Catering Services, *A deposit of $5,800 is in transit. * Outstanding checks total $1,100. *The book balance is $6,000 at February 28, 2025. The bookkeeper recorded a $1,500 check as $17,400 in payment of the current month's rent The bank balance at February 28, 2025 was $15,430. A deposit of $200 was credited by the bank for $2,000. A customer's check for $3,500 was returned for nonsufficient funds The bank service charge is $70. What was the adjusted book balance? OA. $15,500 OB. $18,400 OC. $18,330 OD. $18,470 This question; pos
Journal entry for: Feb1: paid rent for February amounting to $660, cheque#3354. Feb1: Tee R Us decided to establish a petty cash fund for the office. A cheque #3355 of $500 was issued and cashed
vable Prepare Jun's journal entry assuming the note is honored by the customer on October 31 of that same year. (Do not round intermediate calculations. Round your answers to nearest whole dollar value. Use 360 days a year.) View transaction list Journal entry worksheet 1 Record cash received on note plus interest.
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a). Write up a two-column cash book for a second hand bookshop from the following during the month of November 2020. 1st Balance brought forward from last month: cash ¢2950; bank ¢4,240 2nd Cash sales ¢3,100 3rd Took ¢2,000 out of the cash till and paid it into the bank 4th F. Bell paid us by cheque ¢194 5th Paid for postage stamps in cash ¢80 6th Bought office equipment by cheque ¢310 7th Paid L. Root by cheque ¢940 11th Withdrew ¢1,500 from the bank for business use 12th Paid wages in cash ¢400 13th Cash sales ¢430 14th Paid motor expenses by cheque ¢810 16th J. Bull lent us ¢1,500 in cash 20th K. Brown paid us by cheque ¢174 28th Paid general expenses in cash ¢350 30th Paid insurance by cheque ¢320 b). The bank balance in the cash book and that of the bank statement may disgrace because of informational and timing differences. Explain.
Write up a two-column cash book for a second hand bookshop from the following during the month of November 2020.1st Balance brought forward from last month: cash ¢2950; bank ¢4,2402ndCash sales ¢3,1003rdTook ¢2,000 out of the cash till and paid it into the bank4thF. Bell paid us by cheque ¢1945thPaid for postage stamps in cash ¢806th Bought office equipment by cheque ¢3107th Paid L. Root by cheque ¢94011th Withdrew ¢1,500 from the bank for business use12th Paid wages in cash ¢40013th Cash sales ¢43014th Paid motor expenses by cheque ¢81016thJ. Bull lent us ¢1,500 in cash20thK. Brown paid us by cheque ¢17428thPaid general expenses in cash ¢35030thPaid insurance by cheque ¢320
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: QI $ 210 Sales 02 $ 270 Beginning receivables Sales Cash collections Ending receivables Q3 $ 330 a. Accounts receivable at the beginning of the year are $480. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables Q1 210 Q1 04 $480 210 Q2 Q2 270 b. Accounts receivable at the beginning of the year are $480. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. 270 Q3 Q3 330 330 Drair Q4 Q4 480 480 21.10 H