QUESTION 6 You are provided with information relating to Umdoni Stores. The following information appeared in the Bank Reconciliation Statement of Umdoni Stores on 30 September 20.19: Balance per bank statement RS 000 Debit 5. Service fees of R350 appeared on the bank statement but not in the Cashbook. Balance per Cash Book R6 500 credit Outstanding deposit dated 30 September 20.19 R20 500 On comparing the September bank Reconciliation statement, the October bank statement and the Cash Book for October, the following was noted: To reconcile the balance of the Cashbook with the balance of the Bank statement on 31 October, the service fees of R350 (no. 5) must be recorded as follows: On the credit side of the Bank account as R350 In the debit column of the Bank reconciliation statement as R350 In the credit column of the Bank reconciliation statement as R350 On the debit side of the Bank account as R350 Not recorded in the Bank account or the Bank reconciliation statement

QUESTION 6 You are provided with information relating to Umdoni Stores. The following information appeared in the Bank Reconciliation Statement of Umdoni Stores on 30 September 20.19: Balance per bank statement RS 000 Debit 5. Service fees of R350 appeared on the bank statement but not in the Cashbook. Balance per Cash Book R6 500 credit Outstanding deposit dated 30 September 20.19 R20 500 On comparing the September bank Reconciliation statement, the October bank statement and the Cash Book for October, the following was noted: To reconcile the balance of the Cashbook with the balance of the Bank statement on 31 October, the service fees of R350 (no. 5) must be recorded as follows: On the credit side of the Bank account as R350 In the debit column of the Bank reconciliation statement as R350 In the credit column of the Bank reconciliation statement as R350 On the debit side of the Bank account as R350 Not recorded in the Bank account or the Bank reconciliation statement

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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From the give Problem 2, What is the adjusted cash in bank on December 31?