#W80F33$Eara44E11:10 130-%ERLess unpreDr.2017JuneBank Reconciliatin StatementAdd uncreditalding55Bank Reconciliation Statement as at2017June(i)(ii)1(iii)TDebit balance $55Required:5 Cash16Jix25 Cash26 Sanuti30 Cash6Balance1179P& 7YT2016Y1,200660U$ 2017June1,3902,070480200Bank StatementQuestion 7Laura's cash book (bank columns only) for the month of June 2017 was as follows:Cheque No8ट31 July340100 updated cash book=110#(F115BalError corrected - contra 31 MayCheque No: 989CashDawn10 Banker's Order - Fire Insurance18 Cheque18 Terence27 Cash29 Cheque29Petty Cash30 Unpaid Cheque - Sanuti30 Interest on Structural Deposit a/cState the amount for the hol1The following bank statement was received in early July 2017:9BODawnTerence24 Amy27 Petty CashO4JLDr.$P99199299599911068091941590480TC2306601,390++2,070480Cr. Balance$S11491%66JJCr.$6804154,760901,0801,3101,2001,8601,1802611,6511,2363,3063,7863,6963,2163,330Bring the cash book up to date.Prepare a statement to reconcile the difference between your amended cash bookbalance and the balance in the bank statement on 30 June 2017.hich would appear in Laura's Statement of

A Bank reconciliation statement is a statement presented to analyze the difference between the…

Question 7 Laura's cash book (bank columns only) for the month of June 2017 was as follows: Cheque No Dr. 2017 June 1 Balance 5 16 25 26 30 Cash Debit balance $55 2017 June Cash Jix Cash Sanuti (i) (ii) 7 9 S 2017 1,200 June 660 1,390 2,070 The following bank statement was received in early July 2017: Required: Bank Statement 480 200 27 Cash 29 Cheque 29 Petty Cash 30 30 1 Dawn 15 Bal 1 Error corrected - contra 31 May 1 Cheque No: 989 Cash 24 Amy 27 Petty Cash Dawn 10 Banker's Order - Fire Insurance Cheque 18 18 Terence Terence Unpaid Cheque - Sanuti Interest on Structural Deposit a/c Dr. S 991 992 995 999 110 680 919 415 90 480 Cr. S 230 660 1,390 2,070 480 Cr. S 680 415 4,760 90 Balance S 114 1,080 1,310 1,200 1,860 1,180 261 1,651 1,236 3,306 3,786 3,696 3,216 3,330 Bring the cash book up to date. Prepare a statement to reconcile the difference between your amended cash book balance and the balance in the bank statement on 30 June 2017. in Laura's Statement of

Question 7 Laura's cash book (bank columns only) for the month of June 2017 was as follows: Cheque No Dr. 2017 June 1 Balance 5 16 25 26 30 Cash Debit balance $55 2017 June Cash Jix Cash Sanuti (i) (ii) 7 9 S 2017 1,200 June 660 1,390 2,070 The following bank statement was received in early July 2017: Required: Bank Statement 480 200 27 Cash 29 Cheque 29 Petty Cash 30 30 1 Dawn 15 Bal 1 Error corrected - contra 31 May 1 Cheque No: 989 Cash 24 Amy 27 Petty Cash Dawn 10 Banker's Order - Fire Insurance Cheque 18 18 Terence Terence Unpaid Cheque - Sanuti Interest on Structural Deposit a/c Dr. S 991 992 995 999 110 680 919 415 90 480 Cr. S 230 660 1,390 2,070 480 Cr. S 680 415 4,760 90 Balance S 114 1,080 1,310 1,200 1,860 1,180 261 1,651 1,236 3,306 3,786 3,696 3,216 3,330 Bring the cash book up to date. Prepare a statement to reconcile the difference between your amended cash book balance and the balance in the bank statement on 30 June 2017. in Laura's Statement of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
Cashbalance,beginning.....................P9 P ? P ? P? P?Add collectionsfromcustomers..... ? ? 125 ? 391Totalcash available................... 85 ? ? ? ?Less disbursements:Purchaseofinventory..................... 40 58 ? 32 ?Operatingexpenses............... ? 42 54 ? 180Equipmentpurchases................... 10 8 8 ? 36Dividends.......................... 2 2 2 2 ?Totaldisbursement.................... ? 110 ? ? ?Excess (deficiency) of cash availableOrdisbursements... ...................... (3) ? 30 ? ? Financing:Borrowings......................... ? 20 - - ?Repayments (including interest)*.. - - (?) (7) (?)Total financing......................... ? ? (?) (?) ?Cash balance, ending................... P ? P ? P ? P ? P ? *Interest will total P4, 000 for the year.
What is the correct cash balance at August 31, 2018a. P902,00b. P860,000c. P820,000d. 802,000
E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
QWC 2016 $000 2017 $000 2018 $000 2019 $000 2020 $000 2021 $000 Current ratio 0.66 0.58 0.96 0.92 1.06 0.83 Quick ratio 0.43 0.37 0.58 0.53 0.49 0.57 Operating cash flow ratio 0.10 0.01 0.01 0.00 0.02 0.07 MMC Current ratio 2.37 2.23 2.07 1.89 2.74 2.16 Quick ratio 0.93 0.95 0.81 0.80 1.36 1.01 Operating cash flow ratio 1.02 0.72 0.96 0.47 0.32 0.52 Please interpret the ratio for both the companies. Not required to explain the theory just interpret the values for the following: 1) Current Ratio 2) Quick Ratio 3) Operating cash flow ratio
ShafNita Sdn. Bhd. Statement of Financial Position as at 31 December2019 2020RM RM RM RM Non Current AssetsBuilding 100,000 100,000Fixtures less accumulated depreciation 3,600 4,000Van less accumulated depreciation 7,840 14,800111,440 118,800 Current AssetInventory 11,200 24,800Trade account receivable 12,800 16,400Bank 1,800 -Cash 440 400 26,240 41,600Total assets 137,680 160,400Finance by:Capital account:Balance at 1 January 74,080 105,080Add: Net profit for the year 70,400 42,320Cash introduced - 20,000144,480 167,400Less: Drawings (39,400) (43,200)105,080 124,200 Non Current LiabilitiesLoan (repayable in 10 years time) 20,000 30,000Current LiablitiesAccount Payable 12,600 6,012Bank overdraft - 188Retained earnings 32,600 36,200Total liabilities and equity 137,680 160,400 Additional information at 31 December 2020:  Fixtures bought in 2020 cost RM800. Van bought in 2020 cost RM11,000. Required: Prepare statement of cash flow for ShafNita Sdn. Bhd. for the year ended 31 December…
Metal tech Cash Account 31.12.2020 RS RS Balance B/D50Payment to suppliers2000 Equity share300Purchase of fixed asset200 Receipts from customer2800Overhead expenses200 Sale of fixed asset100Wages & Salaries100 Tax250 Dividend50 Repayment of loan300 Balance C/D150 3250 3250 Prepare a cash flow account for metal tech ending on 31.12.2020.
34 The following applies to this question: DEBTORS CONTROL Mar 1 Balance b/f 90 000 Mar 31 Bank A Mar 31 Sales B Sales returns 5 000 Balance c/f 40 000 140 000 140 000 Apr 1 Balance b/f 40 000 Which one of the following amounts represents B? A. R180 000 B. R100 000 C. R230 000 D. R50 000
Description FY10 FY11 FY12 FY13 FY14 Financial Statements GBP m GBP m GBP m GBP m GBP m Income Statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest & taxes (EBIT) 844 700 704 933 1,579 Net Interest Payable (80) (54) (98) (163) (188) Taxation (186) (195) (208) (349) (579) Miniorities (94) (99) (105) (125) (167) Profit for the year 484 352 293 296 645 Balance Sheet Fixed Assets 3,510 3,667 4,758 10,431 11,483…
The following are the comparative financial statements for three years for Plastic Works Limited. You are required to comment on the firm’s financial condition and indicate the areas which require management’s attention.Table 25.40: Plastic Works Limited Comparative Balance Sheets …
Maple Group LtdComparative Balance SheetDecember 31, 2020 and 20192020 2019 Increase/(Decrease)Assets Cash and cash equivalent ? 31,500 (10,000)Accounts Receivable ? 87,500 ? Inventories 97,100 ? ? Fixed Assets, net 142,300 ? 32,000 Total Assets 302,900 323,000 (20,100)Liabilities Accounts payable 25,600 26,600 ? Accrued liabilities 24,000 ? 1,200 Long-term notes payable 58,200 ? (20,000)Stockholders' Equity: Common Stock ? 131,400 ? Retained earnings 54,800 64,000 (9,200)Total liabilities and stockholders' equity 302,900 323,000 (20,100)- - - Maple Group Ltd Income Statement Year Ended December 31,2020 Revenues and gains: Sales revenue 370,000 Interest revenue 11,800 Total revenues and gains 381,800 Expenses Cost of goods sold 205,500 Depreciation expense 15,500 Other operating expense 126,000 Interest expense 24,300 Total expenses 371,300 Income before income taxes 10,500 Income tax expense 16,300 Net Loss (5,800) Notes Acquisition of fixed asset during 2020 47,500 Sale proceed…