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Mark Trading's Cash Book (Bank columns only) for the month of April 2022 was as follows: Dr. Cheque No Cr. 2022 $ 2022 S April
Mark Trading's Cash Book (Bank columns only) for the month of April 2022 was as follows: Dr. Cheque No Cr. 2022 $ 2022 S April 1 Bal 8,600 April 8 George 200110 5,190 3 Cash 1,360 13 Jill 200112 2,370 10 Daisy 2,080 23 Chris 200116 10,100 18 Cash 4,864 28 Petty 200117 200 Cash 23 Esther 770 30 Cash 200 14 April 30 Bal The following Bank Statement was received in early May 2022: Bank Statement Payments Receipts Balance 2022 $ S $ April 1 Balance brought forward 8,700 4 Cheque No: 200107 1,000 7,700 5 Cash 1,360 9,060 6 Error corrected - 29 Mar 900 9,960 10 George 5,190 4,770 12 Banker's Order - Office Insurance 1,300 3,470 12 Daisy 2,080 5,550 15 Credit transfer - Donald 510 6,060 20 Cash 4,864 10,924 25 Chris 10,100 824 30 Petty Cash 230 594 30 Interest on Structural Deposit 185 779 Additional information: It was discovered that the bookkeeper of Mark Trading had recorded the transaction on 28 April 2022 wrongly. Required: (a) Bring the Cash Book up to date. (8 marks) (b) Prepare a Statement to reconcile the difference between your amended Cash Book balance and the balance in the Bank Statement on 30 April 2022. (8 marks) (c) Explain the following in your own words: (i) Banker's order; (ii) Credit transfer. (4 marks)
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