Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 1 April 2 0 2 2 , the business bank account in the financial records of SA Attorneys had a favourable balance of R

On 1 April 2022, the business bank account in the financial records of SA Attorneys had a favourable balance of R4000. On the same date, the trust bank account had a favourable balance of R80000. The following balances appeared in the subsidiary journals of SA Attorneys on 30 April 2022.
Business cash receipts journal
Bank - R25000
Business cash payments journal
Bank - R17000
Trust cash receipts journal
Bank - R50000
Trust cash payments journal
Bank - R24600
Which one of the following represents the correct recording of the above balances in the general ledger for the business bank account of SA Attorneys as at 30 April 2022?
image text in transcribed

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

Sound Investing, Chapter 21 - Cash From Operations Cons

Authors: Kate Mooney

1st Edition

0071719431, 9780071719438

More Books

Students also viewed these Accounting questions