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Q 2 (Max marks: 17) DJS's February Cash from its general ledger is as follows: Cash Jan 31 Bal 23,115 Feb-01 Chq 207 4,300 Feb-06
Q 2 (Max marks: 17) DJS's February Cash from its general ledger is as follows: Cash Jan 31 Bal 23,115 Feb-01 Chq 207 4,300 Feb-06 2,930 Feb-14 Chq 208 825 Feb-14 Chq 209 Feb-13 2,800 1,455 Feb-20 4,800 Feb-28 Chq 210 190 Feb-28 Chq 211 Feb-27 3,690 550 Feb-28 Unadj Bal 30,015 DJS's bank statement dated 28 February 2016 follows: Bank Statement for February 2016 $23,510 Beginning Balance, 31 January 2016 Deposits &other credits Feb-01 $700 $2,930 Feb-08 Feb-14 $2,800 $400 Feb-20 EFT Hip Hop Hats Customer Feb-22 $4,800 $22 $11,652 Feb-28 Interest credit Cheques &other debits $9 Feb-02 EFT to Paper Products $1,095 Feb-02 Chq 206 Feb-18 Chq 207 $4,300 Feb-19 Chq 209 $1,455 $85 Feb-28 EFT to Cable Co. Feb-28 Chq 208 $825 $18 -$7,787 Bank Service Charge Feb-28 Ending Balance,28 February 2016 $27,375 Required: a) Prepare the February bank reconciliation Marks: 10 b) date. Include an explanation for each entry. Journalise & post any transactions required form the bank reconciliation. Indicate all items by Marks: 7
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