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please help me i will give good rating Jimmy Bookstore's cash book (bank column) and bank statement for December 2021 are as given below: Cash
please help me i will give good rating
Jimmy Bookstore's cash book (bank column) and bank statement for December 2021 are as given below: Cash Book (Bank Column) RM RM Dec 5 Sales 5,200 Dec 1 Balance b/d 2,400 10 Alya 2,800 3 Purchases 600 13 Cash 1,300 5 Utilities 300 14 Agila 2,400 12 Salaries 720 19 Mariam 1,600 19 Lina Enterprise 200 22 Cash 1,200 25 Purchases 2,200 31 Balance c/d 8,080 14,500 14,500 Date Credit (RM) 5,200 Dec 1 5 8 9 9 9 14 17 18 19 27 27 30 Bank Statement Reference Debit (RM) Balance b/d Purchases 600 Sales Dishonored cheque 2,000 Bank charges 300 Standing order 1,360 Cash deposits Salaries 720 Cash deposits Cash deposit - Lina Purchases 2,200 Cash deposits Dividend Balance (RM) (2,400) (3,000) 2,200 200 (100) (1,460) 6,740 6,020 7,320 7,520 5,320 6,520 10,920 8,200 1,300 200 1,200 4,400 Additional information: Additional information: 1. A cheque received from Alya on 10 December 2021 amounting to RM2,800 has been wrongly recorded by the bank as RM8,200. However, the business correctly recorded this cheque in the cash book. 2. A receipt of RM200 from Lina Enterprise was recorded as payment in the cash book. Required: a. Prepare an updated Cash Book. b. Prepare a Bank Reconciliation Statement as at 31 December 2021. c. State FIVE (5) examples of errors when items have been recorded on the bank statement but have yet to be recorded by the businessStep by Step Solution
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