(A)Dewey Company received the bank statement showing a balance of $32,250 as at 30

November 2019, while the cash account showed a balance of $34,800.

You have gathered the following information for preparing the Bank Reconciliation

Statement for Dewey Company as at 30 November 2019.

(1)Deposit in transit $5630

(2)Outstanding cheques. $3220

(3)EFT payment for utility. $860

(4)NSF cheque from a customer. $1500

(5)A customer banked in directly to company's bank account $2580

(6)A cheque of $620 for printing expense was recorded as $260 in the book.

Required:

(a) Prepare one bank reconciliation statement for Dewey Company as at 30 November 2019. (8 marks)

(b) Prepare the journal entries for items (5) and (6) above to update the Cash account of Dewey Limited. Narration isNOTrequired.(2 marks)

(B) Jellico Limited reported an Accounts Receivable balance of $132,000 as at 1 April 2018. Allowance for Uncollectible Accounts had a credit balance of $15,840 as at 1 April 2018.

For the year ended 31 March 2019, the company earned service revenue on account totaled $624,000, and reported cash collections on account totaled $528,000. In addition, the company wrote off uncollectible accounts receivable of $8,600 on 31 March 2019.

The required credit balance in Allowance for Uncollectible Accounts as at 31 March 2019 was estimated to be $26,328.

Required:

(a) (i) Calculate the balance of accounts receivable as at 31 March 2019.

(ii) Calculate the amount of uncollectible account expense for the year ended 31 March 2019.(4 marks)

(b) Prepare journal entries to record:

1. (i)the write-off the uncollectible accounts receivable on 31 March 2019.
2. (ii)the uncollectible account expense for the year ended 31 March 2019. Narration is NOTrequired.

(c) Show how Jellico Limited would report accounts receivable on its statement of financial position as at 31 March 2019. (2 marks)