Required: a) b) c) Journalise the above transactions in the appropriate special journals. Posting to ledgers. Prepare Trial Balance as at 31 March 2022.
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- Suraya Enterprise has a current Bank Kasih Berhad account with Bank Kasih Berhad. Below Bank Statement are the transactions of cash book and Date Details Debit Credit Balance 2021 RM RM RM April bank statement for the month of April Opening balance Cheque - 123123 Deposit Cheque-123125 Cheque-123126 4.550 2021: 850 7,700 2,500 10,200 10 450 9,750 16 500 9,250 Cash Bouk (Bank Column Only) 18 Credit transfer 300 550 Particular Cheque No. Date RM Date Particular Cheque No. RM 9.250 8350 20 Cheque-123127 300 2021 2021 25 Cheque-123128 900 April 1 Balance b/d 3 Hake Trading 8,550 April 2 Prchases 6 Izzat Trading 123123 850 28 Bark charges 80 4.20 2,500 30 Closing balance 123124 500 8,270 12 Joyne 556679 1,660 10 Mamat 123125 450 15 Suhaimi 123126 500 18 Purchases 123127 300 25 Rental 28 Salary 18 Sales 799 123128 960 Additonal Informaton: 123129 2,200 29 Zulaika 1 On 15 April 2021, the accourtant derk wrongly recorded the cheque no. 123126 paid 123130 110 30 Balance c/d 8,639 to Suhaimi for…Cash Receipt #94 Dated April 4, 2022 From Jokers Et Al., cheque #2213 for $950 in full payment of invoice # 287, taking into account 2% sales discount of $50 for early payment. 04-15-2022 J2 1080 1200 94, Jokers Et Al. Bank: Chequing Accounts Receivable 1,000.00 1,000.00 Compare the transaction information and the transaction as captured in Sage and state, what was done wrong and how would you correct it?2 The following shows Li's cash at bank account and bank statement for the month of May 2022. Date 2022 May 1 5 13 27 30 Jun 1 14 Trade payable- Best Flour (Cheque no: 72) 26 Sales revenue Trade receivable- Flora Catering Insurance (Cheque no: 73) Date 2022 May 1 8 Cash at bank account Balance b/d Trade payable- Veggies Co. (Cheque no: 71) Trade receivable- Star Mart Balance b/d Particulars Balance b/d Cheque no: 70 Cheque no: 71 Particulars Bank statement 10 12 Direct payment- Rent 17 Cheque no: 72 23 Cheque deposit 24 Direct deposit- Delight Foods 29 Cheque deposit 31 Rejected cheque Debit $ 800 3 800 1 200 Withdrawal $ 2 600 2 000 400 800 Additional information The business has recorded cheque number 72 wrongly in its books. Balance $ 680 Dr 2 600 1 920 Cr 1 120 Cr 1 400 2 520 Cr 1 280 Dr 2 480 Dr 6 000 3 520 Cr Credit $ Deposit $ 1 000 800 1 800 1 200 3 520 Cr Balance $ 320 Dr 680 Cr 1 920 Dr 3 920 Dr 4 320 Dr 3 520 Dr 1 720 Dr 520 Dr 1 320 Dr REQUIRED (a) Prepare the adjusted cash…
- MOBK 10 DO: Egad Company provided the following information for October and November: lo alsoo hs Checks and charges recorded by Bank in November d bio Including a November service charge of P8,000 and And NSF check of P40,000 1,100,000 Service Charge made by bank in October and recorded by Depositor in November Total credits to cash in all journals during November Customer NSF check returned in October and redeposited 4,000 1,240,000 In November (no entry made by depositor in either October Or November 80,000 Outstanding checks on October 31 that cleared in November 560,000 Couno 27. How much are the checks paid by bank in November? 28. What is the amount of outstanding checks on November 30? Ent tering orovid ed th e fell2 The following shows Li's cash at bank account and bank statement for the month of May 2022. Date 2022 May 1 5 13 27 30 Jun 1 Balance b/d Trade payable- Veggies Co. (Cheque no: 71) Trade receivable- Star Mart Trade payable- Best Flour (Cheque no: 72) 26 Sales revenue 14 Trade receivable- Flora Catering Insurance (Cheque no: 73) Date 2022 May 1 8 Balance b/d Balance b/d Cheque no: 70 Cheque no: 71 Cash at bank account Particulars 3 Particulars Bank statement 10 12 Direct payment- Rent 17 Cheque no: 72 23 Cheque deposit 24 Direct deposit- Delight Foods 29 Cheque deposit 31 Rejected cheque Debit $ 800 3 800 1 200 Credit Balance $ $ 689 Dr 2 600 1 920 Cr 1 120 Cr 1 400 2 520 Cr 1 280 Dr 2 480 Dr 6 000 3 520 Cr X™ Withdrawal Deposit $ $ 2 600 2 000 400 800 Additional information The business has recorded cheque number 72 wrongly in its books. 1 000 3 520 Cr 680-320 =360 1 800 1 200 Balance $ 320 Dr 680 Cr 1 920 Dr 3 920 Dr 4 320 Dr 8003 520 Dr 1 720 Dr 520 Dr 1 320 Dr REQUIRED (a) Prepare…Ablema has provided you with the following bank statement and bank account details in respect of the month ended 31 January 2018. Statement date - 31 January, 2018. Account No 1452800 Date Particulars Debit Credit Balance GH¢ GH¢ GH¢ 01-Jan-18 Balance forward 67,580 Cr 06-Jan-18 Cheque 597 120 67,460 Cr 06-Jan-18 Direct debit 2,020 65,440 Cr 12-Jan-18 Credit transfer 4,660 70,100 Cr 13-Jan-18 Cheque 600 1,420 68,680 Cr 14-Jan-18 Cheque 601 12,028 56,652 Cr 16-Jan-18 Lodgement 9,000 65,652 Cr 19-Jan-18 Cheque 599 18,004 47,648 Cr 23-Jan-18 Bank charges for December 2017 422 47,226 Cr 25-Jan-18 Quarterly interest received 62 47,288 Cr 27-Jan-18 Dishonoured cheque 1,600 45,688 Cr 27-Jan-18 Cheque 598 26,090 19,598 Cr 30-Jan-18 Cheque 603 5,048 14,550 Cr 31-Jan-18 Lodgement 14,500 29,050 Cr 31-Jan-18 Standing order: rent first quarter 2018 27,000 2,050 Cr The books and records of Ablema show the followings transactions through the bank account for the month of January 2018: Date Receipts…
- 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 2,600 1,700 8 Lim 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 SO 1,060 2,800 Credit 8 40010 2,000 800 Credit 9 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 CT 1,900 4,240 Credit 19 CQ 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…MAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWINGTRANSACTIONS 4) Bank Credit Memorandum states that , 95.000 TL issued check iscollected from the Bank. 5) 24 month rent contract, Starting 1st April 2020 is signed for384.000 TL. Prepayment is made by half check and half note issued, 6) 25.000 USD is paid ( cash ) by the customer for USD Merchandise sale .Rate is 7.15 TL/USD.1 Find the new balance, assuming that the bank charges 2-% per month on the unpaid balance. 2 Previous New Balance Payment Purchases $592.88 $81.26 A. $575.61 B. $572.61 C. $576.51 O D. $574.41 $50.00
- CardPointe UTA Is The Leader I... Commercial Captur... New Tab UPS-Shipping Search for Corporat... ups On March 4, Micro Sales makes $12,30o in sales on bank credit cards which charge a 1% service charge and deposits the funds into Micro Sales bank accounts at the end of the business day. Journalize the sales and recognition of expense, assuming cash deposited should be reduced by the service charge. If an amount box does not require an entry, leave it blank or enter "0". Мaг. 4 Previous Next> Email Instruct IIcredit interest in the multiple-step statement will Add to the gross profit on sales Add to operating income Add to income after tax. Deduct from net sales. On October 1,2020 the company purchase a 12- month insurance policy for $1800 the transaction was record with an $1800 debit to prepaid insurance expense , the adjusting entry at 31, Dec, 2020 will be debit insurance expense for $600 and credit prepaid insurance expense for $600. debit prepaid insurance expense for $600,and credit cash for $600. debit insurance expense for $450, and credit prepaid insurance expense for $450. O debit prepaid insurance expense for $450, and credit cash for $450. the close entry for purchase discount is debit income summary, credit purchase discount. debit retained earning ,credit purchase discount, debit purchase discount, credit income summary. O no one of above.QUESTION 1 Following are transactions related to the accounts receivable of Jelutong Idaman Bhd (JIB) during the first quarter ending 31 March 2021. JIB prepares interim fmancial statem ents for every quarter. 8 January Sold goods for RM150,000 on credit. JIB uses the gross method in recording accounts receivable. The term of the sale is 2/10, n'60. 14 January Collected RM50,000 from 8 January's credit customers. 26 January Unexpectedly, a customer, Semarak Api Enterprise, whose account has been written off in early 2021 paid RM8,000 for the total amount owed. 30 January Assigned RM120,000 of accounts receivable from December 2020 sales to Merbau Bank Bhd (MBB), as security for a loan of RM100,000. A commission of 4% on the face amount of the loan was charged, and the note bears interest of 9% per year. 28 February Collected RM80,000 of accounts receivable assigned and remitted it to MBB, along with one month's interest. 31 March Data related to accounts receivable are as follows:…