The following is the Cash Book (Bank columns only) for Martin Cooper for June 2020. June...

Transcribed Image Text:

The following is the Cash Book (Bank columns only) for Martin Cooper for June 2020. June 1 Balance bid 8 000 June 6 Rent 1200 June 9 Lodgement 1200 June 9 Electricity 600 June 10 Gary Grant 1000 June 12 Bob Parker 1 600 June 14 Bryan Brown 3 040 June 15 Frank Whyte 800 June 22 Paul Carter 3 680 June 24 Tom Green 360 3 16.920 June 30 Balance c/d 9.360 16.9201 The following Bank Statement relates to the same period under consideration 2020 Payments S Receipts S Balance June 1 Balance b/d 4 Standing order 8 000 60 7940 8 Rent 1 200 6 740 12 Electricity 600 6140 13 Lodgement 200 7340 15 Gary Grant 1000 8 340 18 Joan Thomas 1140 9 480 21 Dishonoured cheque 760 8720 24 Bank charges 120 8 600 26 Direct transfer 400 9 000 30 Bob Parker 1600 7 400 REQUIRED: A. An updated Cash Book for the month of June 2020. (7 marks) B. State THREE (3) reasons that account for the differences in the balances between the Cash Book and Bank Reconciliation Statement (3 marks) c. A Bank Reconciliation Statement as at June 30, 2020. (10 marks) The following is the Cash Book (Bank columns only) for Martin Cooper for June 2020. June 1 Balance bid 8 000 June 6 Rent 1200 June 9 Lodgement 1200 June 9 Electricity 600 June 10 Gary Grant 1000 June 12 Bob Parker 1 600 June 14 Bryan Brown 3 040 June 15 Frank Whyte 800 June 22 Paul Carter 3 680 June 24 Tom Green 360 3 16.920 June 30 Balance c/d 9.360 16.9201 The following Bank Statement relates to the same period under consideration 2020 Payments S Receipts S Balance June 1 Balance b/d 4 Standing order 8 000 60 7940 8 Rent 1 200 6 740 12 Electricity 600 6140 13 Lodgement 200 7340 15 Gary Grant 1000 8 340 18 Joan Thomas 1140 9 480 21 Dishonoured cheque 760 8720 24 Bank charges 120 8 600 26 Direct transfer 400 9 000 30 Bob Parker 1600 7 400 REQUIRED: A. An updated Cash Book for the month of June 2020. (7 marks) B. State THREE (3) reasons that account for the differences in the balances between the Cash Book and Bank Reconciliation Statement (3 marks) c. A Bank Reconciliation Statement as at June 30, 2020. (10 marks)