The following is the Cash Book (Bank columns only) for Martin Cooper for June 2020. June 1 Balance b/d June 9 Lodgement June 10 Gary Grant June 14 Bryan Brown 1 200 June 6 Rent June 9 Electricity June 12 Bob Parker 1600 June 15 Frank Whyte June 24 Tom Green 3 360 June 30 Balance c/d 9360 8.000 1 200 1000 3040 600 800 June 22 Paul Carter 3 680 16920 16 920 The following Bank Statement relates to the same period under consideration Payments Receipts Balance 2020 June 1 Balance bid 4 Standing order 8 Rent 12 Electricity 13 Lodgement 15 Gary Grant 18 Joan Thommas 21 Dishonoured cheque 24 Bank charges 26 Direct transfer 30 Bob Parker 8.000 940 6 740 6 140 7340 $ 340 9480 3 720 60 1 200 600 1200 1000 1140 60 120 $ 600 400 1600 000 5 7400

The following is the Cash Book (Bank columns only) for Martin Cooper for June 2020. June 1 Balance b/d June 9 Lodgement June 10 Gary Grant June 14 Bryan Brown 1 200 June 6 Rent June 9 Electricity June 12 Bob Parker 1600 June 15 Frank Whyte June 24 Tom Green 3 360 June 30 Balance c/d 9360 8.000 1 200 1000 3040 600 800 June 22 Paul Carter 3 680 16920 16 920 The following Bank Statement relates to the same period under consideration Payments Receipts Balance 2020 June 1 Balance bid 4 Standing order 8 Rent 12 Electricity 13 Lodgement 15 Gary Grant 18 Joan Thommas 21 Dishonoured cheque 24 Bank charges 26 Direct transfer 30 Bob Parker 8.000 940 6 740 6 140 7340 $ 340 9480 3 720 60 1 200 600 1200 1000 1140 60 120 $ 600 400 1600 000 5 7400

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 4QY: What is the journal entry to record an NSF check, from J. Smith for 250, that is returned with the...

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The following is the Cash Book (Bank columns only) for Mary Clarke for June 2020. Debit Credit $ $ June 1 Balance 8000 June 6 Rent 1200 b/d June 9 1200 June 9 Electricity 600 Lodgement June 10 Gary 1000 June 12 Bob 1600 Grant Parker June 14 Bryan 3040 June 15 Frank 800 Brown Whyte June 22 Paul 3680 June 24 Tom 3360 Carter Green June 30 Balance 9360 c/d 16920 16920 The following Bank Statement relates to the same period under consideration Receipts 2$ Balance Payments $ 2020 $ June 1 Balance b/d 8000 4 Standing order 60 7940 8 Rent 1200 6740 12 Electricity 13 Lodgement 15 Gary Grant 600 6140 1200 7340 1000 8340 18 Joan 1140 9480 Thomas 21 760 8720 Dishonoured cheque 24 Bank 120 8600 charges 26 Direct 400 9000 transfer 30 Bob Parker 1600 7400 Required: A. Prepare an updated cash book for the month of June 2020. B. Prepare a bank reconciliation statement as of June 30, 2020. C. Explain ONE (1) reason for the difference between the balance on the cash book and the bank statement.
The bank column in the cash book for Mac 2020 and the bank statement for that month for Keris Enterprise are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM Mac 16 Param 292 Mac 1 Balance b/d 4,200 21 Joseph 369 6 Maria 184 31 Opie 192 30 Melati 160 31 Balance c/d 4,195 30 Suria 504 5,048 5,048 Bank Statement Date Items Debit Credit Balance Mac 1 Balance 4,200 8 Maria 184 4,384 16 Cheque 292 4,092 20 Melati 160 4,252 21 Cheque 369 3,883 31 Gigih Enterp : Trader’s credit 88 3,795 31 TYF: standing order 32 3,827 31 Bank charges 19 3,846 Required: Prepare the updated cashbook Prepare the bank reconciliation statement as at 31 Mac 2020
The bank column in the cash book for Mac 2020 and the bank statement for that monthfor Keris Enterprise are as follows: Cash Book (Bank Account only) 2020 RM 2020 RMMac 16 Param 292 Mac 1 Balance b/d 4,20021 Joseph 369 6 Maria 18431 Opie 192 30 Melati 16031 Balance c/d 4,195 30 Suria 5045,048 5,048 Bank Statement Date Items Debit Credit BalanceMac 1 Balance 4,2008 Maria 184 4,38416 Cheque 292 4,09220 Melati 160 4,25221 Cheque 369 3,88331 Gigih Enterp : Trader’s credit 88 3,79531 TYF: standing order 32 3,82731 Bank charges 19 3,846 Required: b) Prepare the bank reconciliation statement as at 31 Mac 2020.
The bank column in the cash book for Mac 2020 and the bank statement for that month for Keris Enterprise are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM Mac 16 Param                        292 21 Joseph                       369 31 Opie                           192 31 Balance c/d             4,195                                     5,048 Mac 1 Balance b/d                       4,200 6 Maria                                    184 30 Melati                                 160 30 Suria                                   504                                              5,048 Bank Statement Date Items Debit Credit Balance Mac 1 Balance 4,200 8 Maria 184 4,384 16 Cheque 292 4,092 20 Melati 160 4,252 21 Cheque 369 3,883 31 Gigih Enterp : Trader’s credit 88 3,795 31 TYF: standing order 32 3,827 31 Bank charges 19 3,846…
The cash book and bank statement for the month of September 2020 are given below: Cash Book (Bank Column) Sept. GH¢’000 Sept. GH¢’000 1 Balance b/d 2,160 1 Wages and Salaries 1,400 4 King 130 6 Kofi 380 7 Cash 220 11 Bukari 500 12 Jacky 800 15 Akpa 350 17 Cash 180 17 Okoro 170 22 Cash 120 30 Kufo 100 28 Bito 70 31 Balance c/d 980 31 Bose 200 3,880 3,880 Oct. 1 Bal. b/f                              980 Bank Statement Date Sept. Particulars Debit GH¢’000 Credit   GH¢’000 Balance GH¢’000 1 Balance 2160 1 Cash 1400 760 4 Cheque-king 130 890 6 Cheque-Kofi 380 510 7 Cash 220 730 11 Cash – bukari 500 230 12 Cash- jacky 800 1030 17 Cash 180…
The following are the cash book and bank statement of DRS Enterprise for the month of December 2020: Cash Book (Bank Account only)     2020                     RM 2020 RM Dec 1 Balance b/d         460 Dec 4 Cheque no. 40010 Ruby      2,000 3 Cash      2,600 6 Cheque no. 40011 Zain      1,700 8 Lim      1,600 8 Cheque no. 40012 Harris         680 14 Mat      1,816 10 Cheque no. 40013 Wong         760 18 Jay and Kay         900 15 Cheque no. 40014 Daud      1,600 24 Bidin      1,120 21 Cheque no. 40015 Lim      2,300        31 Balance c/d          544 Jan 1 Balance b/d 9,040 9,040 544 Bank Statement Date Cheque Transaction Debit Credit Balance No. Code Dec 1 Balance b/f 460 Credit 3 CH      2,600 3,860…
The bank columns in the cash book for June 2019 and the bank statement for that month for Phillips Hardware Company Ltd are as follows:DrCash BookCr 2019 $2019 $ 1-JunBalance b/d4,2305-JunR.Red540 7-JunP. Ryan18612-JunJ. Rebus1,557 16-JunG. Grey22516-JunY.Yale123 28-JunJ. Jim67229-JunBlister Disco66 30-JunT. Fling1,74630-JunBalance c/d4,773 7,059 7,059 Bank Statement June 2019 DrCrBalance $$$ 1Balance b/d 4,230 7Cheque 1864,416 5R.Red540 3,876 16Cheque 2254,101 17J. Rebus1,557 2,544 18Y.Yale123 2,421 28Cheque 6723,093 29SLM standing order156 2,937 30G.Rice: trader's credit 1923,129 30Bank charges129 3,000 As the accountant, you have been asked to do the following: a) Prepare an updated cashbook for the month b) Prepare a bank reconciliation statement for the month c) Advise the directors of Phillips Hardware how they can use theinternal control measures listed below to mitigate against error and fraud in the business. 1: Physical Observation 2: Authorization and Approval 3:…
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
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 20 Ceria 265 31 Baiti 325 31 Balance c/d 1,682 2,502 Dec 1 Balance b/d 1,900 10 Luna 304 19 Wilson 261 29 Cikmah 37 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 2,034 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020
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 2,034 Required: Prepare the updated cashbook
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
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 2,034 Required Prepare the bank reconciliation statement as at 31 December