Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At 31 December 2021, WaMarks Traders' bank account had a debit balance on the bank statement to the amount of R4 790. On the same

At 31 December 2021, WaMarks Traders' bank account had a debit balance on the bank statement to the amount of R4 790. On the same date, outstanding payments of R1 240 and outstanding deposits of R7 820 were recorded on the bank reconciliation statement. The balance as per the bank account in the entity's general ledger on 31 December 2021 is.... NB: Instructions 1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72) 2. Only show the amount, do not show the R (eg: 12141.72) 3. If the total amount calculated is a favourable bank balance, please enter the amount as a positive (eg: 12141.72), if the total amount calculated is an unfavourable bank balance, please enter the amount as a negative (eg: -12141.72)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

=+1. Who is your key public?

Answered: 1 week ago

Question

Have roles been defined and assigned?

Answered: 1 week ago