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Sunrise Bookstore Cash Book (Bank column only) Date 2018 Sep 1 Balance b/d Particulars RM Date Particulars RM 2018 3,200 Sep 2 Petty Cash 500 750 650 180 2,240 1,800 1,560 720 1,200 27,523 37,123 2 Sales 5,000 8 Purchases 10 Peter 14 Telephone 18 Su Lee 21 Rental 24 Chong 26 Utilities 28 Wages 30 Balance c/d 5 Jack Stationer 10 Boon Enterprise 14 Sales 16 Loan 20 Jeremy 24 John 28 Danny 2,250 3,065 5,008 10,000 4,350 1,720 37,123 Oct 1 Balance b/d 27,523 Bank Statement 2018 DR CR Balance 1,200 3,200 8,200 7,700 9,950 13,006 18,014 17,834 27,834 27,084 26,434 2,530 28,964 27,164 26,444 26,429 Sep 1 Balance bld 1 Deposit 2 Deposit 4 Cheque 6 Deposit 11 Deposit 14 Deposit 16 Cheque 16 Deposit 18 Cheque 19 Cheque 22 Deposit 24 Cheque 30 Cheque 2,000 5,000 500 2,250 3,056 5,008 180 10,000 750 650 1,800 720 15 Bank Charges Required Prepare the bank reconciliation statement as at 30 September 2018 for Sunrise Bookstore (20 marks) Below are the balances extracted from the books of BomohTrading as at 31 March 2018 RM Inventory 1 April, 2017 Machinery Accumulated Depreciation Machinery Office Equipment Accumulated Depreciation Office Equipment Motor Vehicles Accumulated Depreciation Motor Vehicles Cash in Hand Cash at Bank Sales Purchases Returns Outwards Returns Inwards Discount Allowed Rental Telephone Charges Upkeep of Motor Vehicles Printing & Stationery Advertisement Salaries Utilities Trade Receivables Trade Payables Capital Provision for Doubtful Debts 52,550 172,000 51,600 122,500 24,500 472,500 189,000 2,228 36,330 1,235,660 525,313 3,698 1,123 2,960 82,500 33,250 36,258 4,648 75,600 216,000 44,780 102,700 77,682 400,000 1,100 Barry Sdn Bhd uses a perpetual inventory system and it uses the LIFO method to assign cost to its inventory. The following are its purchases and sales transactions for ts merchandise for the month of September 2018. Activities Date Units Acquired at Cost Units Sold at Retail 01 Sep Beginning inventory 300 units at RM12/unit 03Sep Purchases 04Sep Sales 06Sep Purchases 14Sep Sales 18 Sep Purchases 22 Sep Purchases 28 Sep Sales 300 units at RM14/unit 450 units at RM60/unit 300 units at RM14/unit 380 units at RM60/unit 150 units at RM16/unit 300 units at RM14/unit 480 units at RM60/unit Required: Using the LIFO (Last-In, First-Out) method, assign the inventory cost to the purchases, cost of goods sold, and the balances. (20 marks) Please use the format below. Goods Purchased Cost of Goods Sold Inventory Balance Units RM/unitRM DateUnitsRM/unit R All overhead expenses are paid in the month following the month in which they are incurred. .Plant will be sold in July for RM5,000 cash, incurring a loss on disposal of RM22,500 Rm102,900 is to be paid in July for purchase of an additional freehold building A dividend of RM50,300 is to be paid in August Required Assuming a bank overdraft of RM70,000 on 31 May, prepare a tabular Cash Budget for each of the three months of June, July and August. (20 marks)