Question
The following is the bank reconciliation for May 20200, the bank statement for June 2020 and a summary of the cash records for Jun 2020
The following is the bank reconciliation for May 20200, the bank statement for June 2020 and a summary of the cash records for Jun 2020 of Tele Ltd:
The following payments were made during June 2020: 01st Cheque 295 R1 350 04th Cheque 296 R 765 10th Cheque 297 R2 121 17th Cheque 298 R 660 25th Cheque 299 R1 701 30th Cheque 300 R 774 |
The bank balance in the general ledger on 1 June 2020 was R3530,25 favourable.
The following deposits occurred during June 2020: 04th R1200 10th R2550 15th R3150 25th R2250 30th R1650 |
Bank reconciliation statement as at 31 May 2020 | |
Balance as per bank statement Add: Outstanding deposit Less: Outstanding cheques No. 290 No. 293 Balance as per general ledger bank account | 4239,75 1 848,00 (1 155,00) (1 402,50) 3530,25 |
Stable Bank Bank statement | |||||
Date | Code | Cheque No. | Cheques & other debits | Deposits | Balance |
May 31 June 01 03 05 11 12 16 17 26 27 28 | SF SF Cash fee SF Cash fee SF Rent RD (Rice) SF SF | 295 293 297 298 299 | 1 350,00 6,75 1 402,50 6,75 10,50 2 121,00 6,75 10,50 660,00 6,00 1 800,00 9,00 9,00 1 701,00 | 1 848,00 1 200,00 2 550,00 3 150, 00 750,00 2 250,00 | 4239,75 6087,75 4737,75 4 731,00 3328,50 3321,75 4521,75 7071,75 7061,25 4940,25 4933,50 8083,50 8073,00 7 413,00 7407,00 8157,00 10 497,00 8607,00 8598,00 8589,00 6888,00 |
Explanation of abbreviations: SF - Service fees, RD - Refer to drawer
ADDITIONAL INFORMATION
- A deposit of R850 was made by Miss Wood for rent.
- The cheque received from R. Rice was dishonoured due to insufficient funds.
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