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8:55 Take-home ass... Question 1 (100 marks) Leslie, a sole trader, received his bank statement for the month of April, 2021 was as follows:
8:55 Take-home ass... Question 1 (100 marks) Leslie, a sole trader, received his bank statement for the month of April, 2021 was as follows: Dec Dr. Cr. Balance Note $ $ $ 1 Opening balance 85 3 123456 150 65 O/D 9 123450 42 107 O/D 14 Sundry credit 210 103 18 Overdraft interest 24 79 20 Sundry credit 350 429 22 123457 220 209 23 123448 100 109 24 Standing order - rent 10 99 25 Sundry credit 531 630 26 Credit transfer - Mills 25 655 28 423460 29 123459 100 405 555 150 150 31 Closing balance For the corresponding period, Leslie's own accounting records contained the following bank account: Bank Account Apr $Apr $ 14 Cheque from G. Smith 2101 20 Cash Sales 3503 Balance b/d Electricity 57 123456 150 25 Cheque from F Jones 410 22 Wages 123457 222 25 Cheque from R Black 121 23 Purchases 123458 415 27 Cheque from W Wayne 19629 Rent 123459 405 30 Balance c/d 930 Purchases 123460 47 1296 1296 REQUIRED: (a) Update the bank account for Leslie. (b) Prepare the bank reconciliation statement for Lesile as at April 30, 2021, starting from the updated bank account balance. ******** END OF TAKE HOME ASSIGNMENT 5 ******** D 1
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