Question 2.2

You have been provided with the following summary of cashbook receipts and cashbook payments for December 2022 before any adjustments have been made:

Additional Information

1. The cash deposit made on the 3rd of December was correctly recorded in the cash book
2. The cash payment made on the 5th of December was correctly recorded by the bank
3. Opening favourable balance of Bank Account at 1 December 2022: R3 700

QUESTIONS

Required:

Q.2.2.1 From the information provided above calculate the corrected cashbook receipts and cashbook payments totals after taking into account all the adjustments required. Show all your workings.

Q.2.2.2 Using the amounts obtained in Q.2.2.1 above post to the bank account in the general ledger. Balance the Bank general ledger account.

Q.2.2.3 Prepare a bank reconciliation statement as at 31 December 2022.

SUMMARY OF CASH BOOK RECEIPTS FOR DECEMBER 2022