Question
The bank columns in the cash book for June 2020 and the bank statement for that month for Amben Ltd. are as follows: Cash Book
The bank columns in the cash book for June 2020 and the bank statement for that month for Amben Ltd. are as follows: Cash Book 2020 Dr $ 2020 Cr $ 1-Jun Balance b/d 11,410 5-Jun L. Holmes 18,000 7-Jun J, May 620 8-Jun B. Young 4,600 9-Jun T. Wilson 7,050 11-Jun F. Gray 2,100 10-Jun F. Lamb 10,100 12-Jun J. Rebus 5,119 19-Jun W. Terry 31,980 16-Jun T. Silver 41,320 22-Jun S. Miller 2,465 18-Jun T. Errant 2,009 23-Jun G. Brock 4,400 29-Jun Blister Disco 2,220 25-Jun K. King 7,280 30-Jun Balance c/d 6,959 27-Jun F. Slack 1,220 30-Jun G. Baker 5,802 82,327 82,327
Bank Statement 2020 Dr. Cr. Balance 1-Jun Balance b/d 11,410 7-Jun Cheque 620 12,030 8-Jun B. Young 4,600 7,430 8-Jun L. Holmes 18,000 (10,570) 9-Jun Cheque 7,050 (3,520) 10-Jun Cheque 10,100 6,580 11-Jun F. Gray 2,100 4,480 17-Jun T. Silver 41,320 (36,840) 19-Jun W. Terry 31,980 (4,860) 20-Jun SLM standing order 520 (5,380) 21-Jun Flynn: trader's credit 6,400 1,020 30-Jun Bank Charges 430 590 30-Jun G. Baker 5,802 6,392 30-Jun J. Wood: trader's credit 1,200 7,592 30-Jun Cheque 7,050 542 30-Jun F. Slack 1,220 1,762
You are required to: Write the cash book up to date to take the above into account, and then Draw up a bank reconciliation statement as on 30 June 2016, and use them to answer the following questions: ___________________________________________________________________________ (17) State the updated cash book balance (A) $5,659 (B) $6,559 (C) $6,959 (D) $11,410 (18) Compute the total amount of the uncredited cheques (A) $6,865 (B) $7,280 (C) $11,680 (D) $14,145 (19) Compute the total amount of the unpresented cheques (A) $9,348 (B) $6,959 (C) $5,119 (D) $4,229
(20) State the balance of the bank reconciliation statement. (A) $6,959 (B) $11,410 (C) $6,559. (D) $82,327
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started