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Question 4 The Cash Book of Steven Tang for the month February 2020 was as follows: 2020 Feb 1 Balance b/d 3 L. Chan 10
Question 4 The Cash Book of Steven Tang for the month February 2020 was as follows: 2020 Feb 1 Balance b/d 3 L. Chan 10 Sales 18 C. Loke 25 Sales 27 Sales 28 M. Chew 28 Balance c/d Cash Book 2020 RM Feb 1,575 1 Advertising 700 4 Z. Russen 250 7 G. Chia 1,175 12 Wages 300 14 Purchases 200 20 Drawings 750 24 R. Toh 1,375 28 Rent 6,325 Mar 1 Balance b/d RM 550 1,650 525 1,000 825 500 375 900 6,325 1,375 Bank Statement DR CR Balance 700 350 550 1,650 Date Details 2020 Feb 1 Balance b/d 5 L. Chan 7 D. Ho 7 1001 8 1002 10 Sales 16 C. Loke 17 Insurance (S/0) 17 1004 21 Sales 22 1006 22 1005 26 Bank charges 250 1,175 1,575 cr 2,275 cr 2,625 cr 2,075 cr 425 cr 675 cr 1,850 1,725 cr 725 cr 1,025 cr 525 cr 300 dr 400 dr 125 1,000 300 500 825 100 Required: a) Starting with the cash book balance of RM1,375 enter the transactions necessary to bring the cash book up to date on 28 February 2020. (7 marks) b) Starting with the closing bank statement balance, prepare a bank reconciliation statement at 28 February 2020. (10 marks) c) What to do the following accounting abbreviations stand for? i. C/T ii. S/O iii. D/D (3 marks) (Total: 20 Marks)
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