Ablema has provided you with the following bank statement and bank account details in respect of the month ended 31 January 2018. Statement date - 31 January, 2018. Account No 1452800 Date Particulars Debit Credit Balance GH¢ GH¢ GH¢ 01-Jan-18 Balance forward 67,580 Cr 06-Jan-18 Cheque 597 120 67,460 Cr 06-Jan-18 Direct debit 2,020 65,440 Cr 12-Jan-18 Credit transfer 4,660 70,100 Cr 13-Jan-18 Cheque 600 1,420 68,680 Cr 14-Jan-18 Cheque 601 12,028 56,652 Cr 16-Jan-18 Lodgement 9,000 65,652 Cr 19-Jan-18 Cheque 599 18,004 47,648 Cr 23-Jan-18 Bank charges for December 2017 422 47,226 Cr 25-Jan-18 Quarterly interest received 62 47,288 Cr 27-Jan-18 Dishonoured cheque 1,600 45,688 Cr 27-Jan-18 Cheque 598 26,090 19,598 Cr 30-Jan-18 Cheque 603 5,048 14,550 Cr 31-Jan-18 Lodgement 14,500 29,050 Cr 31-Jan-18 Standing order: rent first quarter 2018 27,000 2,050 Cr The books and records of Ablema show the followings transactions through the bank account for the month of January 2018: Date Receipts GH¢ Date Payments GH¢ 1/01/18 Balance b/f 67,580 4/01/18 Cheque 597 120 6/01/18 Cheque 598 26,000 12/01/18 Lodgement 4,660 10/01/18 Cheque 599 18,004 16/01/18 Lodgement 9,000 11/01/18 Cheque 600 1,420 28/01/18 Lodgement 14,700 12/01/18 Cheque 601 12,028 31/01/18 Lodgement 8,220 18/01/18 Cheque 602 11,898 20/01/18 Cheque 603 5,048 30/01/18 Cheque 604 84 _______ 31/01/18 Balance c/f 29,558 104,160 104,160 1/2/2018 Balance b/d 29,558 Required: 1.Prepare the adjusted cash book for the month of January 2018. 2.Prepare a statement on 31 January 2018, reconciling the adjusted cash book with the bank statement balance.
Ablema has provided you with the following bank statement and bank account details in respect of the month ended 31 January 2018.
Statement date - 31 January, 2018.
Account No 1452800
Date Particulars Debit Credit Balance
GH¢ GH¢ GH¢
01-Jan-18 Balance forward 67,580 Cr
06-Jan-18 Cheque 597 120 67,460 Cr
06-Jan-18 Direct debit 2,020 65,440 Cr
12-Jan-18 Credit transfer 4,660 70,100 Cr
13-Jan-18 Cheque 600 1,420 68,680 Cr
14-Jan-18 Cheque 601 12,028 56,652 Cr
16-Jan-18 Lodgement 9,000 65,652 Cr
19-Jan-18 Cheque 599 18,004 47,648 Cr
23-Jan-18 Bank charges for December 2017 422 47,226 Cr
25-Jan-18 Quarterly interest received 62 47,288 Cr
27-Jan-18 Dishonoured cheque 1,600 45,688 Cr
27-Jan-18 Cheque 598 26,090 19,598 Cr
30-Jan-18 Cheque 603 5,048 14,550 Cr
31-Jan-18 Lodgement 14,500 29,050 Cr
31-Jan-18 Standing order: rent first quarter 2018 27,000 2,050 Cr
The books and records of Ablema show the followings transactions through the bank account for the month of January 2018:
Date
Receipts
GH¢
Date
Payments
GH¢
1/01/18
Balance b/f
67,580
4/01/18
Cheque 597
120
6/01/18
Cheque 598
26,000
12/01/18
Lodgement
4,660
10/01/18
Cheque 599
18,004
16/01/18
Lodgement
9,000
11/01/18
Cheque 600
1,420
28/01/18
Lodgement
14,700
12/01/18
Cheque 601
12,028
31/01/18
Lodgement
8,220
18/01/18
Cheque 602
11,898
20/01/18
Cheque 603
5,048
30/01/18
Cheque 604
84
_______
31/01/18
Balance c/f
29,558
104,160
104,160
1/2/2018
Balance b/d
29,558
Required:
1.Prepare the adjusted
2.Prepare a statement on 31 January 2018, reconciling the adjusted cash book with the bank
statement balance.
Step by step
Solved in 3 steps with 2 images
