• 7.1 Edward Lee is about to start a business selling smartphone accessories on campus. Explain the impact of business transactions on cash by giving examples of the transactions that involve cash at the start-up phase of the business.

• 7.2 Continue with question 7.1 above. Describe the electronic banking processes to Edward as he is setting up his business on campus.

• 7.10 Soo Eng cannot understand why the net amount of accounts receivable does not decrease when an uncollectable account is written off under the allowance method. Clarify this point for Soo Eng.

• BE7.1 Distinguish cash flows from assets.

• Identify which of the following items are (a) cash flows, (b) assets and (c) liabilities accounts. Inventory. Bank loan. Monthly loan payment.

• GST receivable. Motor vehicle. Car loan. Car loan payment.

• BE7.4 Prepare partial bank reconciliation.

• At 31 July Ridley Pty Ltd has this bank information: cash balance as per bank $8420; unpresented cheques $862; outstanding deposits $2700; and a bank service charge $20. Determine the balance of the cash at bank account after any required adjustments.