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The following information is found in Lorato’s books as at June 2018. Dr Cash book as at June 2018 Cr2015June 1 Balance b/d 1740June 7 T J Motho 88June 22 J Ellias 73June 31 K Wetsho 249June 31 M Barena 17823282015June 8 A Ditso 349June 15 R Madiso 33June 28 G Small 115June 31 Balance c/d 18312328 Banks Statement2015 Dr (P) Cr (P) Balance (P)June 1 Balance b/d 1 740June 7 Cheque 88 1 828June 11 A Ditso 349 1 479June 20 R Madiso 33 1 446June 22 Cheque 73 1 519June 31 Credit Transfer: JWarona 54 1 573June 31 Bank charges 22 1 551Required: a) Prepare Lorato’s updated cash book for June 30 2018b) Prepare Lorato’s bank reconciliation statement as on 30 June 2018

The following information is found in Lorato’s books as at June 2018. Dr Cash book as at June 2018 Cr2015June 1 Balance b/d 1740June 7 T J Motho 88June 22 J Ellias 73June 31 K Wetsho 249June 31 M Barena 17823282015June 8 A Ditso 349June 15 R Madiso 33June 28 G Small 115June 31 Balance c/d 18312328 Banks Statement2015 Dr (P) Cr (P) Balance (P)June 1 Balance b/d 1 740June 7 Cheque 88 1 828June 11 A Ditso 349 1 479June 20 R Madiso 33 1 446June 22 Cheque 73 1 519June 31 Credit Transfer: JWarona 54 1 573June 31 Bank charges 22 1 551Required: a) Prepare Lorato’s updated cash book for June 30 2018b) Prepare Lorato’s bank reconciliation statement as on 30 June 2018

FINANCIAL ACCOUNTING
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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The following information is found in Lorato’s books as at June 2018.

Dr Cash book as at June 2018 Cr
2015
June 1 Balance b/d 1740
June 7 T J Motho 88
June 22 J Ellias 73
June 31 K Wetsho 249
June 31 M Barena 178
2328
2015
June 8 A Ditso 349
June 15 R Madiso 33
June 28 G Small 115
June 31 Balance c/d 1831
2328

Banks Statement
2015 Dr (P) Cr (P) Balance (P)
June 1 Balance b/d 1 740
June 7 Cheque 88 1 828
June 11 A Ditso 349 1 479
June 20 R Madiso 33 1 446
June 22 Cheque 73 1 519
June 31 Credit Transfer: J
Warona

54 1 573
June 31 Bank charges 22 1 551
Required:

a) Prepare Lorato’s updated cash book for June 30 2018
b) Prepare Lorato’s bank reconciliation statement as on 30 June 2018 

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