Question

QUESTION 3 (15 MARKS) Rose Sdn Bhd is a business that focuses on selling fragrance. In May 2021, the Cash Book (Bank column) of Rose Sdn Bhd Shows the following: RM Date May 1 Balance bld 2 Sales 10 Sales 23 Interest received 24 Sales 30 Sales 30 Rent received Cash book (Bank Column) RM Date May 23,567 5 Purchase-8255 6,709 7 Rent expenses - 8256 15,786 16 Purchase-8257 5,000 21 Purchase-8258 12,750 25 Salaries expense 10,780 29 Interest on loan 2,500 30 Purchase-8259 31 Balance cld 5,689 700 7,890 6,450 10,000 3,000 7,685 35,678 77,092 77,092 The bank statement received by Rose Sdn Bhd for the month of May 2021 is as below: Lagenda Bank Berhad Date of Statement: 31 May 2021 Customer: Rose Sdn Bhd Date Description Cheque Debit (RM) Credit (RM) Balance (RM) 1 Balance bld 23,567 4 Cheque deposit 6,709 30.276 7 Cheque cleared 8255 5.689 24,587 8 Cheque deposit 6,000 30,587 13 Cheque deposit 14,786 45,373 17 Direct debit 8256 1,600 43,773 19 Credit transfer 4,000 47,773 21 Debit transfer 2,555 45,218 24 Cheque cleared 8257 8,970 36.248 25 Cash deposit 5,000 41,248 26 Cheque deposit 12,750 53,998 26 Credit transfer 7,500 61,498 27 Debit transfer 10,000 51,498 28 Debit transfer 3,000 48,498 29 Cheque cleared 500 47.998 30 Dividend 400 48,398 31 Cheque deposit 2,500 45,898 31 Cheque book charges 5 45,893 31 Service charge 20 45,873 Additional information: a) The bookkeeper had wrongly recorded the cheque number 8257 and rent expense for the month. b) On 10 May 2021, the business had recorded the sales RM15,786 instead of RM14,786. C) The bank had wrongly debited the cheque deposited on 31 May 2021 amounting to RM2,500. d) The bank had wrongly debited Rose Sdn Bhd account instead of Mawar Sdn Bhd account for RM500 on 29 May 2021. Required: a. Prepare adjusted Cash Book for the month of 31 May 2021 b. Prepare bank reconciliation statement as at 31 May 2021 (15 marks)