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Question Six (a) The cash book of Marisa Ltd showed a credit balance of 2,122 as at 31 July 2019. The balance on the bank

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Question Six (a) The cash book of Marisa Ltd showed a credit balance of 2,122 as at 31 July 2019. The balance on the bank statement at that date was 3.420 overdrawn. An examination of the cash book and the bank statements revealed the following discrepancies: 1) Cheques issued amounting to 5,840 had not yet been presented to the bank for payment. ii) A cheque issued to a supplier for 610 had been entered twice in the cash book ii) A direct debit of 590 for a lease payment had not yet been recorded in the cash book iv) There was an entry on the bank statement of 340 in respect of an unpaid cheque from a customer marked 'no funds available v) A payment of 972 had been recorded in the cash book as 792. vi) Bank charges of 68 had not been recorded in the cash book vii) Cheques from customers amounting to 8,390 deposited on 29 July had not been credited by the bank until 2 August 2019. viii) Credit transfers amounting to 1,820 had not yet been recorded in the cash book Required: Make the necessary adjustments in the cash book of Marisa Ltd, showing the correct balance as at 31 July 2019. (10 marks) Prepare a bank reconciliation statement at 31 July 2019. (4 marks) (b) The balance on the receivables control account of Olga Partners is 15,091. The list of balances taken from the sales ledger totals 15.320. It is discovered that: i) 10 received from a customer and put in the petty cash tin was correctly recorded in his personal account but excluded from the nominal ledger ii) The sales daybook for March was undercast by 100. 111) When posting an invoice for 95 to a customer's account in the sales ledger it was recorded as 59 by mistake. iv) A credit balance of 60 in the sales ledger was treated as a debit balance when adding up the list of balances v) The list of balances in the sales ledger has been overcast by 90. vi) The retums inwards for June totalling 35 have been correctly recorded in the sales ledger, but no entries have been made in the nominal ledger Required: (11 marks)

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