1.On 31 Jan, Somraj's bank statement showed a credit balance of $740. Comparing the bank statement with the cash book he found bank charges not recorded in cash book $30 and cheques paid but not presented to bank $150. Somjah updated his cash book. What was the updated cash book balance on 31 Jan? (According to memo the answer is $590 but I am not sure why bank charges was not included to get this answer)

2.Equipment costing $20000 was purchased on 1 January 2019. It has a useful working life of 5 years and a residual value of $3000. Depreciation using the straight-line method was included in the income statement for the year ended 31 December 2019. It was then found that the reducing balance method at 30% per annum should have been used. What was the effect on the profit for the year ended 31 December 2019 of this error?(answer is $2600 overstated but I do not get the answer, please help with working)

3.Anjum rents part of her premises to Ajay for $6120 per annum. At the beginning of the year Ajay had paid two months rent in advance. At the end of the year Ajay had paid three months rent in advance. How much rent was received from Ajay during the year?(answer $5610 but I struggle to get answer)

4.A limited company provided the following information. $ issued share capital (50 000 ordinary shares of $1 each) 50 000 profit for the year ended 31 December 2019Then 13 000 transfer to general reserve on 31 December 2019 and 6 000 interim ordinary share dividend paid during the year 3 000 On 31 December 2019 it was decided to use the remaining profit to pay a final ordinary share dividend. What percentage final dividend would the ordinary shareholders receive? A) 8% B) 14% C) 20% D) 26%