uestion Prepare the bank reconciliation statement as at 30 April 2021.
Q: Prepare the bank reconciliation statement as at 31 December 2020.
A: Bank reconciliation statement involves reconciling balance of bank balance as per books and balance…
Q: Prepare a bank reconciliation using good format. b. Prepare any necessary adjusting journal entries…
A: Sometimes There may be a difference in cash & passbook Balances. Usually Cash & Bank Pass…
Q: In preparing its August 31, 2020 bank reconciliation, Jade Company has available the following…
A: Jade Company Bank Reconciliation August 31, 2020 Bank Bank Statement Balance…
Q: Rainbow Company's December 31, 2019 bank statement showed a balance of $53,410. Rainbow's December…
A: Hey, since there are multiple questions posted, we will answer the first question. If you want any…
Q: Masaya Company is preparing its 2020 financial statement. The accounting period ends on December 31.…
A: Receivables are the current asset for the business.
Q: Prepare a bank reconciliation and journal entries for November 30, 2018.
A: Check No Amount 719 520 722 566 729 2492 Total 3578
Q: Compute for the deposits in transit as of December 31, 2018. Compute for the outstanding checks…
A: Bank Reconciliation Statement The purpose of preparing the bank reconciliation statement to know the…
Q: A cheque drawn by the business from RM609 for payment of a liability was recorded in the journal as…
A: Answer: an addition to the balance per the company's records
Q: You have been provided with the following information from the books of Zebra Traders: Information…
A: Bank reconciliation statement is a document containing all the difference between the bank balance…
Q: a) Prepare the updated cashbook. Flters (Sediakan buku tunai dikemaskini. b) Prepare the bank…
A: Bank Reconciliation Statement There are many errors that can be made in the bookkeeping One of the…
Q: The bank statement for the month of June 2020 shows: Checks Deposits Date Amount No. Balance…
A: Unadjusted Cash Book: Transactions only accounted in bank statement have not been adjusted yet in…
Q: data were made available: lance, February 28, 2020 ected by the bank earned from the note above ck…
A: Bank Reconcilation statement reconciles the bank balance of the bank with the books The adjusted…
Q: Record any differences identified in the bank reconciliation process in a supplementary cashbook…
A: Bank Reconciliation Statement: It is a statement which is done by the customer of the bank in order…
Q: Descriptors are provided below for six situations involving notes receivable being discounted at a…
A: A note receivable is a written promise. It is a promise made by one part to other party. A…
Q: he deposit in transit balance for the previous and current months are P200,000 and P100,000,…
A: Total Book deposits = Deposit in transit for current month + Total deposits acknowledged by Bank -…
Q: Prepare a bank reconciliation at July 31.
A: Certain transactions are not reflected in bank statement on real time basis as the banks time to…
Q: Required: 1. Based on the previous information, prepare a bank reconciliation for Acct 201 Co. at…
A: Bank reconciliation is defined as the procedure conducted for comparing the bank account balance on…
Q: What total amount should be reported as CASH EQUIVALENTS on December 31, 2020? * Aruba Company had a…
A: Commercial paper, T-bills, and short-term bonds with a redemption period of 3 months or less are…
Q: From the following information, construct a bank reconciliation for P.J. Co. as of March 31, 2022:…
A: A bank reconciliation statement is prepared by the management at a particular time period. It helps…
Q: Zel Enterprise most recently reconciled its bank statement and book balances of cash on 30 June 2019…
A: Bank Reconciliation statement: Bank reconciliation statement is a report that summarized the banking…
Q: Two checks verified to have been recorded in 2021 cash disbursements book amounting to P22,000…
A: Here discuss about the details of the adjustment entry which are involved with this as well. The…
Q: Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank &…
A: Bank reconciliation statement is prepared where an entry which is found in one book (Cash book or…
Q: Prepare any necessary journal entries based on the following data regarding the bank reconciliation…
A: Journal entries, in the books of an entity, are recorded to prepare a daily report of the…
Q: Required : prepare bank account reconciliation( to the correct balance) at August 31, 2014.
A: Statement prepared as follows.
Q: Requirement: Prepare adjusting entries
A:
Q: You have been provided with the following information from the books of Zebra Traders: Information…
A: A bank reconciliation statement refers to the statement that matches the balance as per the bank…
Q: Requirements 1. Prepare the bank reconciliation of Davidson Insurance at December 31, 2018. 2.…
A: Prepare Bank reconciliation statement as follows: Result:
Q: compute the amount included in the "Trade and Other Receivable" of the entity's financial position
A: Trade receivables is the money that a company's clients owe it, because the company has made sales…
Q: Use the information given above to complete the following for January 2020:
A: Given: The information on the items using code is taken from the Underwood trader's book.
Q: Question 1 You have been provided with the following information from the books of Zebra Traders:…
A: A bank reconciliation statement refers to the statement that matches the balance as per the bank…
Q: a Prepare a bank reconciliation at November 30. b Prepare adjusting entries (in general journal…
A:
Q: You have been provided with the following information from the books of Zebra Traders: Information…
A: A bank reconciliation statement refers to the statement that matches the balance as per the bank…
Q: Prepare a bank reconciliation for October 31, 20XE
A: Bank reconciliation statement is prepared to adjust for the differences between bank balance and the…
Q: A debit order of R1500 for payment of rates will appear in ____________during the bank…
A: Answer:- Bank reconciliation:- A bank reconciliation is the process of reconciling the bank account…
Q: In preparing its March 31, 2020 bank reconciliation, Blue Devil Inc. has available the following…
A: Bank Reconciliation: A bank reconciliation is the process of matching the balances in an entity's…
Q: a. How much is the total deposits recorded in balance-sheets for all commercial banks after credit…
A: Introduction: The reserve ratio, additionally referred to as the financial institution reserve…
Q: Firebird Corp. prepares monthly bank reconciliations of its checking account balance. The bank…
A: Bank reconciliation statement is prepared with a view to reconcile the balance as per entity's…
Q: Question 1 Marvel Ltd. 's accountant is preparing the bank reconciliation at 31 December 2020. The…
A: Particulars Amount Amount Cash balance as per bank statement 16,824.6 Add: Deposit in…
Q: Compile the bank reconciliation statement as at 31 January 2020
A: Bank Reconciliation Statement: Bank reconciliation statement is generated by the customer of a…
Q: A cheque drawn by the business from RM609 for payment of a liability was recorded in the journal as…
A: A cheque is drawn for RM 609 for the purpose of payment of liability but entry is recorded for RM…
Q: The bank reconciliation prepared by Gatz Company on May 31, 2020, appeared as follows: GATZ COMPANY…
A: A bank reconciliation statement aligns an organization's bank account with its financial documents…
Q: On Oct. 31, 2021, Dark Co's cash balance per records is P7,450, while the balance per bank statement…
A: Bank reconciliation: It is a statement which is prepared to reconcile the balance as per cash book…
Q: Balance per Bank, July 31, 2021 Add: Deposit in Transit Total P 750,00 12000 P 870,00 Deduct:…
A: Solution: Cash disbursement as per books during August 2021 = Total charges as per bank = NSF check…
Q: IV. Activities: Prepare a bank recon sheet of paper. Activity 1 The bank statement of the January…
A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…
Q: Are 1 year certificates of deposit recorded on bank reconciliation?
A: Bank reconciliation statement is a statement in which the cash balance as per books of accounts is…
Q: Prepare the bank account in the general ledger on 31 May 2021.
A: General ledger transactions are a summary of journal entries to sub-ledger accounts. It encompasses…
Q: Compute the adjusted cash balance as at September 30, 2019 of Guyana Corp where it was preparing a…
A: Bank reconciliation is a statement which was prepared by an organisation in which the reconciliation…
Q: The folowing are extracts from the cash book and the bank statement of R. Wright. You are required…
A: The bank reconciliation statement is prepared to adjust the cash balances of cash book and pass book…
Q: What amount should be reported as cash on december 31, 2022 Huston’s company had a checkbook…
A: Note Check payable to houston dated January 4 2023 is a post dated check Therefore not considered.
Question
Prepare the
Step by step
Solved in 2 steps with 1 images
- The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 8 Ah Pek 790 17 Veeta 465 29 Fasihah 1,535 31 Siew Ting 3,120 17,805 July 6 Ah Chin 750 13 Muthu 2,165 17 Sari 440 30 Staff Club 285 31 Balance c/d 14,165 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 11,895 8 Cheque 790 12,685 9 Ah Chin 750 11,935 17 Cheque 465 12,400 18 Muthu 2,165 10,235 19 Sari 440 9,795 29 Cheque 1,535 11,330 30 Standing order 220 11,110 31 Mohd Azee:Trader’s Credit…The bank columns in the cash book for month of June 2020 and Maybank's bank statement for that month for James Enterprise are as follows: Cash Book Date Particulars Amount Date Particulars Amount (RM) (RM) 2020 2020 1,410 | June 5 62 June 12 75 June 16 224 June 29 582 June 30 June 1 Balance b/d L Holmes 180 J May June 16 T wWilson J Rebus T Silver June 7 519 41 June 28 F Slack Blister Disco 22 June 30 G Baker Balance c/d 1,591 2.353 2.353 Maybank Bank Statement as at 30 June 2020 Date Particulars Withdrawals Deposits Balance (RM) (RM) (RM) June 1 Balance b/d 1,410 Cheque F Lane June 7 62 1,472 June 8 180 1,292 Cheque J Rebus T Silver June 16 75 1,367 June 17 519 848 June 18 41 807 Cheque SLM Standing Order June 30 Flynn: Trader's Credit Bank Charges June 28 224 1,031 June 29 52 979 64 1,043 June 30 43 1,000 | You are required to: (a) Draw up a Bank Reconciliation Statement as at 30 June 2020.In reconciling the Cash in Bank of Inner Company with the bank statement balance for the month of November 2018, thefollowing data were summarized: Book debits for November, including October CM for note collected, P60,000 P800,000 Book credits for November, including NSF of P20,000 and service charge of P800 for October P620,000 Bank credits for November, including CM for November for bank loan of P100,000 andOctober deposit in transit for P80,000. P700,000 Bank debits for November including October outstanding checks of P170,800 and Novemberservice charge of P200 P600,000what is the amount for outstanding checks for november?
- The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 11,895 8 Cheque 790 12,685 9 Ah Chin 750 11,935 17 Cheque 465 12,400 18 Muthu 2,165 10,235 19 Sari 440 9,795 29 Cheque 1,535 11,330 30 Standing order 220 11,110 31 Mohd Azee : Trader’s Credit 450 11,560 31 Bank charges 350 11,210 Required: Prepare the updated cashbook Prepare…The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 11,895 8 Cheque 790 12,685 9 Ah Chin 750 11,935 17 Cheque 465 12,400 18 Muthu 2,165 10,235 19 Sari 440 9,795 29 Cheque 1,535 11,330 30 Standing order 220 11,110 31 Mohd Azee : Trader’s Credit 450 11,560 31 Bank charges 350 11,210 Required: Prepare the updated cashbookThe 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 columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 11,895 8 Cheque 790 12,685 9 Ah Chin 750 11,935 17 Cheque 465 12,400 18 Muthu 2,165 10,235 19 Sari 440 9,795 29 Cheque 1,535 11,330 30 Standing order 220 11,110 31 Mohd Azee : Trader’s Credit 450 11,560 31 Bank charges 350 11,210 Required: Prepare the bank reconciliation…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 information is produced by comparing the cash deposits and withdrawals recorded bythe S&W Windows Ltd for the month with their most recent bank statement received at 30 June2019:a. S&W Windows Ltd’ cash at bank ledger at 30 June 2019 is: $75,864b. Credit balance as per bank statement as at 30 June 2019 is: $101,160c. Bank statement shows an electronic transfer from a customer of $3,864d. Deposits in transit, $12,540e. Interest earned on bank account, $75f. Unpresented cheques, $37,407g. Service charge included in bank statement, $150h. Cheque for insurance expense, $5,370 incorrectly recorded in books as $5,910i. A dishonoured cheque written by a client Jim Smith, $3,900The entity doesn’t use special journals for record keeping. The entity prepares bank reconciliationstatement at the end of each month.Required:a) Prepare a bank reconciliation statement for S&W Windows Ltd at 30 June 2019. b) Discuss why a bank reconciliation is still necessary even most of the…
- 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 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 cashbookThe 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
