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Task 3 Amazon Traders Policies & Procedures: Entering Cash Receipts & Payments All supporting documentation is to be checked for accuracy prior to entering
Task 3 Amazon Traders Policies & Procedures: Entering Cash Receipts & Payments All supporting documentation is to be checked for accuracy prior to entering the system Supporting documentation must be authorised by Sam Smith the owner Please make sure you have checked each amount of cash receipts and payments according to the bank statement provided All total amount of Cash Receipts, Payments and the bank ledger balance need to calculate correctly before proceeding to the next task. From the above information you need to prepare: Cash Balance Summary (Cash Receipts and Cash Payments) and Bank Ledger Account for Amazon Traders as of 31 July. Answer: Date Cash Receipts Details Cash Payments Amount $ Date Details Amount $ 02/07 Amazon Traders 07/07 Amazon Traders $ 1,446.52 01/07 #324875 $ 1,526.16 3,486.72 04/07 #324876 905.70 11/07 Amazon Traders 1,538.90 08/07 #324877 2,404.38 11/07 Amazon Traders 436.84 12/07 #324878 1,702.86 12/07 Amazon Traders 2,360.20 15/07 #324879 1,296.98 21/07 Amazon Traders 1,039.30 20/07 #324880 561.40 30/07 Amazon Traders 846.76 28/07 #324881 1,958.30. Total 11,155 Total Bank Ledger Account July - (you must specify if Balance is DR or CR) Date 1/7 Details Balance b/d Receipts Payments Write the Bank Balance amount: $_ Bank 100 Debit 10,356 Credit Balance CR $ 3182.92 3,182.92
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