Question
Q1 The following is information regarding bank statement and bank account of Chamomile Sdn Bhd for the month of June 2021. Balance per books 30
Q1 The following is information regarding bank statement and bank account of Chamomile Sdn Bhd for the month of June 2021. Balance per books 30 June 2021 RM 2,905 Balance per bank statement 30 June 2021 RM10,900 (1) Cheque written in April but still outstanding RM5,500. (2) Cheque written in March but still outstanding RM4,300. (3) Deposits of March 30 and 31 not yet recorded by bank RM5,200. (4) Non-sufficient fund (NSF) cheque of customer returned by bank RM1,200. (5) Cheque No. 210 for RM594 was correctly issued and paid by bank but incorrectly entered in the cash payments journal as payment on account for RM549. (6) Bank service charge for March was RM50. (7) A payment on account was incorrectly entered in the cash payments journal and posted to the accounts payable subsidiary ledger for RM824 when Check No. 318 was correctly prepared for RM284. The check cleared the bank in March. (8) The bank collected a note receivable for the company for RM3,950 plus RM200 interest revenue.
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