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A. Savonn Enterprise is a small retail business located in Alor Setar, Kedah. The followings are information on bank transactions of Savonn Enterprise as
A. Savonn Enterprise is a small retail business located in Alor Setar, Kedah. The followings are information on bank transactions of Savonn Enterprise as at 31 January 2022: i. Amount of cash as shown on the bank statement and book respectively are RM33,815 and RM33,044. ii. 111. iv. V. vi. vii. viii. ix. The bank collected RM550 on a note receivable for Savonn Enterprise. The bank charged a collection fee of RM10 which was credited to Savonn Enterprise's account. A deposit of RM2,850, representing cash receipts by Savonn Enterprise on 31 January, did not appear on the bank statement. An Non-Sufficient Fund (NSF) cheque for RM180 from a customer, Mr Gebang Kencang, was returned with the bank statement. Also returned with the bank statement is a cheque amounted RM650 from Mr Kuwat Klentong for having different authorised signature on the cheque. The bank paid correctly an amount of RM3,680 for cheque No 2808 which was recorded in a book as RM3,860. Outstanding cheque include cheques No. 1001 and No. 1002, with the amount respectively RM431 and RM1,250. Bank mistakenly cleared a cheque amounting RM2100 meant for Sabun Enterprise. Bank charges its services for the month of January 2022 amounting RM50. REQUIRED: Prepare the bank reconciliation statement for Savonn Enterprise as at 31 January 2022. (10 Marks)
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