Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4. The following information is provided for Southern Cross Cricketers Ltd: Southern Cross Cricketers Ltd Bank Reconciliation as at 31 May 2019 Cash balance per
4. The following information is provided for Southern Cross Cricketers Ltd: Southern Cross Cricketers Ltd Bank Reconciliation as at 31 May 2019 Cash balance per bank statement 4,817.00 Cr Add Deposits not credited 284.00 5,101.00 Less Unpresented cheques: 506 161.00 509 220.00 (381.00) Balance per cash at bank ledger account 4,720.00 Dr CASH PAYMENTS JOURNAL Chq No. Date Name Bank 2019 CR Jun Car 510 1,000 4 D.H.A 4 511 26 D. Grace 9 512 87 . Goode 513 19 260 10 Investments 514 1,908 15 Wages 515 150 18 Petrol 516 97 20 Drawings 517 20 29 Oil 518 16 Wages 30 519 150 30 D. Grace 520 115 CASH RECEIPTS JOURNAL Date Name Rec. No. Bank 2019 DR 500 Jun 1 Capital 16 V. Daly 5 17 39 18-56 5 Fees 1247 1537 12 Fees 57-85 16 G. 86 68 Press Int. Rev 30 Voucher 29 52 SOUTHERN CROSS CRICKETERS LTD BANK STATEMENT DR CR BALANCE June 1 4,817.00CR 1 C/C 284.00 5,101.00CR State Duty 2 1.00 5,100.00CR Federal Duty 2 3.00 5,097.00CR 2 C/C 500.00 5,597.00CR 3 506 161.00 5,436.00CR 6,722.00CR 9 7 C/c 1,286.00 6,717.00CR Fee 5.00 1,000.00 5,717.00CR 510 13 C/C 1,537.00 7,254.00CR 87.00 14 512 7,167.00CR 260.00 14 513 6,907.00CR 68.00 17 C/C 6,975.00CR 5,067.00CR 17 514 1,908.00 150.00 4,917.00CR 18 515 4,897.00CR 21 517 20.00 22 511 26.00 4,871.00CR Citicorp Int Direct Payment 20.00 30 4,891.00CR Required: (a)Prepare the Cash at Bank ledger account showing the final balance at 30 June 2019. (b)Prepare the bank reconciliation as at 30 June 2019
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started