Write up a two-column cash book for a second hand bookshop from the following during the month of November 2020.
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Write up a two-column
the month of November 2020.
1
st Balance brought forward from last month: cash ¢2950; bank ¢4,240
2
nd
Cash sales ¢3,100
3
rd
Took ¢2,000 out of the cash till and paid it into the bank
4
th
F. Bell paid us by cheque ¢194
5
th
Paid for postage stamps in cash ¢80
6
th Bought office equipment by cheque ¢310
7
th 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
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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 ¢3,1003rd Took ¢2,000 out of the cash till and paid it into the bank4th F. Bell paid us by cheque ¢1945th Paid for postage stamps in cash ¢806th Bought office equipment by cheque ¢310 7th Paid L. Root by cheque ¢94011th 12th 13th 14th 16th 20th 28th 30thWithdrew ¢1,500 from the bank for business use Paid wages in cash ¢400Cash sales ¢430Paid motor expenses by cheque ¢810J. Bull lent us ¢1,500 in cashK. Brown paid us by cheque ¢174 Paid general expenses in cash ¢350 Paid insurance by cheque ¢320Question 5a). 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 ¢4,2402nd Cash sales ¢3,1003rd Took ¢2,000 out of the cash till and paid it into the bank4th F. Bell paid us by cheque ¢1945th Paid 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 ¢81016th J. Bull lent us ¢1,500 in cash20th K. Brown paid us by cheque ¢17428th Paid general expenses in cash ¢35030th Paid insurance by cheque ¢320 b). The bank balance in the cash book and that of the bank statement may disgrace because ofinformational and timing differences. Explain.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 three-column Cash Book for Kevin Davis for the month of 2020 August from the following transactions: August1 Balances brought down Bank Overdraft $15 000 and Cash $14 200.2 Bought printing and postage materials $1 500 by cash3 Sold goods $13 500 by cheques.4 Received Rates $3 500 in cash.5 Paid the following their accounts by cheque receiving a 5% discount: K. Allen $4 000, S. Chin $6 000 G Owen $5 500.8 The following paid us their account by cheque, being allowed a 5% discount S Brown $6 000, U Bell $3 500 and A Paul $4 500.10 Bought Furniture $5 600 by cheque15 Paid for Insurance $2 900 by cash18 Sold goods $8 000 by cash23 Received commission $6 500 by cheque27 Paid salaries $10 000 by chequeB. Post the relevant discount accounts in the General Ledger.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 12 Paid wages in cash $239 14 Paid motor expenses by cheques $ 57 16 L Levy lent us $200 in cash 20 R Norman paid us by cheque $ 112 28 We paid general expenses in cash $ 22 30 Paid insurance by cheque $74.Help Save & EXit Assume that the custodian of a $450 petty cash fund has $59.50 in coins and currency plus $385.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include: Multiple Choice A debit to Petty Cash for $385.00. A debit to Cash for $390.50. A credit to Cash for $390.50. here to search 5:03 PA 96% 3/7/202
- The cash account of Ria on December 31,2021 has an balance of P151,000 and it consists of the following:Bills and coins on hand P52,780Traveler’s check 22,400Credit memo from supplier’s for purchase returns 6,500Postage stamps 120Petty cash including paid cash vouchers of P1,650 2,000Balance in Savings Account with a bank closed by the BSP 36,000Customer’s check dated January 15,2022 8,000Money Order 800IOU of an employee 400CA Balance in BPI 22,000Total…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.B. The cash accounts of Ria on December 31,2021 has balance of P151,000 and it consist of the following: Bills and coins on hand P52,780 22,400 6,500 Traveler's check Credit memo from supplier's for purchase returns Postage stamp Petty cash including paid cash vouchers of P1,650 Balance in Savings Account wit a bank closed by BSP Customer's check dated January 15,2022 Money order IOU of an employee Checking Account Balance in Bank of Philippines Island Total 120 2000 36,000 8,000 800 400 22,000 P151,000 The correct cash and cash equivalents balance on December 31,2021 is a. P98,900 b. P98,730 c. P97,530 d. P98,330
- B. The cash accounts of Ria on December 31,2021 has balance of P151,000 and it consist of the following: Bills and coins on hand P52,780 22,400 6,500 Traveler's check Credit memo from supplier's for purchase returns Postage stamp Petty cash including paid cash vouchers of P1,650 Balance in Savings Account wit a bank closed by BSP Customer's check dated January 15,2022 Money order IOU of an employee Checking Account Balance in Bank of Philippines Island Total 120 2000 36,000 8,000 800 400 22,000 P151,000 The correct cash and cash equivalents balance on December 31,2021 is c. P97,530 a. P98,900 b. P98,730 d. P98,330 C. The statement of financial position of company presents the following financial assets at December 31,2021: Bank cheque account=P58,400 Bank Savings account (collectable immediately) = P23,440. Cash=P10,000 Common stocks on Entity Z, one of the most traded assets in Country A,s stock exchange, purchased by the airline to speculate =P2,715. • Oil price derivative entered…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 2021.2020 Jan 01 Balance brought forward from last month: Cash OMR 10000; Bank OMR 20000. 30 We returned goods to Mr. Zahir OMR 500. 09 Withdrew OMR 5000 from the bank for business use. 11 Paid insurance by cheque OMR 1000. 29 Goods returned to us by Mr. Fatima OMR 500. 12 Zara lent us OMR 2000 in cash. 13 Cash sales paid directly in to the bank OMR 1000. 2 Credit purchase from Mr. Zahir OMR 8000. 5 Credit purchase from Mr. Saalim OMR 2000 7 Credit sales to Mr. Waleed OMR 500 15 Vahab paid us by cheque OMR 500. 21 Cash sales OMR 500. 30 Withdrew OMR 500 from the bank for personal use. 1 Credit sales to Ms. Fatima OMR 5000. 25 Mr. Waleed returned goods to us OMR 1000. 27 We returned goods to Mr. Saalim OMR 1000…