The following were transactions by Cap Ten Enterprises Ltd for the month of July:

(i) On 1 July, the company bought an oven to be used in the staff pantry on cash terms for $2,360.

(ii) The company adopts the periodic inventory system. On 5 July, the company purchased $14,000 worth of inventory on credit.

(iii) On 22 July, the company rendered services on account, $1,500. As per agreement with the customer, the amount is to be collected after 14 days.

(iv) On 29 July, the company made a payment of $5,400 for the rental of the office.

Record the above transactions by providing the journal entries, no narrative required, for Cap Ten Enterprises Ltd for the month of July.

The bank statement of UHC Pte Ltd shows a balance of $36,480 on 31 March 20X9. The company cash account on the books has a balance of $36,192. The following reconciling items explain why the two balances differ:

(i) A cheque amounting to $1,920 issued late in March and recorded in the journal has not been paid by the bank.

(ii) A deposit of $2,400 made on 29 March was not listed on the bank statement.

(iii) The bank received $960 by NETS on behalf of UHC Pte Ltd.

(iv) The bank statement shows interest revenue of $144.

(v) The bank statement shows a NSF check for $336.

Make a bank reconciliation statement using the above information.