ae Test Question 1 KONA LTD Bank reconciliation statement as at 30 November 2020 Cash balance per bank statement Add: Outstanding deposits $14 367.90 2 530.20 16 898.10 Less: Unpresented cheques Cheque no. 3451 Cheque no. 3470 Cheque no. 3471 Cheque no. 3472 Cheque no. 3474 $2 260.40 270.10 844.50 1.426.80 1 500.00 by Study Cash balance as per ledger 6.301.80 $10 596.30 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The December bank statement showed the following cheques and deposits Information from bank statement Cheques Deposits Number 3451 Date 1-12 2-12 7-12 4-12 Date 1-12 4-12 Amount $2 260.40 844.50 1 426.80 1 640.70 1 300.00 2 130.00 3 080.00 600.00 3471 3472 3475 3476 3477 3479 3480 8-12 10-12 15-12 27-12 Amount $2 530.20 1 211.60 2 365.10 2672.70 2 945.00 2 567.30 2 836.00 1 025.00 8-12 16-12 21-12 26-12 29-12 30-12 MER de 03: Pamaining! 47 min CALCUE IGNMENT RESOURCES 12. ASAP Online Test Information from bank statement Cheques Deposits Date Question Question 2 Question Question 4 Questions Question 6 Question Questions Question 9 Question 10 Question 11 Date 1-12 2-12 7-12 4-12 8-12 10-12 15-12 27-12 1-12 4-12 8-12 16-12 Number 3451 3471 3472 3475 3476 3477 3479 3480 3482 3483 3485 Amount $2 260.40 844.50 1 426.80 1 640.70 1 300.00 2 130.00 3 080.00 600.00 475.50 1 140.00 540.80 $15 438.70 Amount $2 530.20 1 211.60 2 365.10 2672.70 2 945.00 2 567.30 2 836.00 I 025.00 $18 152.90 21-12 26 12 29-12 30-12 Total eview Score eview Results by Study bjective 30-12 12 31-12 Total Kona Lid's cash records for December showed the following: Cash payments journal Cash receipts journal Date Cheque number Amount Date Amount Date Cheque number 3482 Amount banked 1-12 3475 $1 640.70 20-12 $475.50 3.12 $1 211.60 2-12 3476 1 300.00 22-12 3483 1 140.00 7-12 2 365.10 2-12 3477 2 130.00 23-12 3484 832.00 15 12 2672.70 4-12 3478 538.20 24-12 3485 450.80 2012 2 954.00 8-12 3479 3 080.00 30-12 3486 1 389.50 25-12 2 567.30 10-12 3480 600.00 Total $14 384.10 28-12 2 836.00 17-12 3481 807.40 30-12 1 025.00 . Assessment to accompany Hoggett, Financial Accounting, 10e Help System Announcements 03:40 PM / Remaining 47 min CALCULATOR PRINTER VERSION BACK NEXT Date Amount Date Amount Date Cheque number 3475 Cheque number 3482 1-12 $1 640.70 $475.50 3-12 20-12 22-12 Amount banked $1 211.60 2 365.10 2-12 3476 1 300.00 3483 1 140.00 7-12 2-12 3477 2 130.00 23-12 3484 832.00 15-12 2 672.70 4-12 3478 538.20 24-12 3485 450.80 20-12 2 954.00 8-12 3479 3 080.00 30-12 3486 1 389,50 25-12 2 567 30 10-12 3480 600.00 Total $14 384.10 28-12 2836.00 17-12 3481 807.40 30-12 1 025.00 31-12 1 190.40 Total 516 822.10 The bank statement contained two items. 1. Acredit of $3 145 for the collection of a $3 000 note for Kona Ltd; plus interest of $160 and less a collection fee of $15. Kona Ltd has not accrued any interest on the note. 2. A debit of $647 10 for a NSF cheque written by A. Jordan, a customer. At 31 December the cheque had not been redeposited by the bank. At 31 December the cash balance per Konated records before preparation of the reconciliation was $13034.30, and the cash balance per bank statement was $19 580.00. The bank did not make any errors, but two errors were made by Kona Ltd. Using the four steps in the reconciliation procedure, complete the bank reconciliation at 31 December 2020. (List multiple items in order of magnitude. Round amounts to 2 decimal places.) KONA LTD Bank reconciliation statement as at 31 December 2020 cash balance per bank statement 13:18 a TF CALCULATOR PRINTER VERSION CE Bank reconciliation statement as at 31 December 2020 ash balance per bank statement dd: Less: Original balance of Cash at bank account Add: Less: 2020/11 wilPULIS - GOO Assessment to accompany Hoggett, Financial Accounting, 10e HelR l System Announcements 13:40 PM / Remaining: 47 min CALCULATOR PRINTER VERSION BACK NEXT Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording cheques should be made to Accounts payable. The correction of any errors relating to recording cash receipts should be made to Accounts receivable.) Kona Ltd uses the following accounts: Cash, Accounts receivable, Interest revenue, Notes receivable, Accounts payable, Sales, Miscellaneous expense (For multiple debit/credit entries, list accounts in order of magnitude. Enter all debit entries first, followed by all credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round amounts to 2 decimal places.) Date Particulars Debit Credit 31 Dec (To record the collection of note receivable) 31 Dec. (To record NSF cheque) 31 Dec (To record cheque error) 31 Dec To record deposit error) 13:19 2020/11/ SHOW LIST OF ACCOUNTS Chapter 1 Tutori.. WileyPLUS-GOO. FortiClient The