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Required: (a) Complete the bank account in the ledger. (b) Prepare a bank reconciliation statement as at 30 July 20.0.

Required: (a) Complete the bank account in the ledger. (b) Prepare a bank reconciliation statement as at 30 July 20.0.

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 3.8C
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A Botha compared his cash book with the bank statement on 30 June 20.0 and found that the following three cheques were not cashed: Cheque no. 104 110 111 July1 Balance The following is presented to you and you are requested by Mr A Botha to reconcile his cash book with the bank statement. Cash book for July 20.0 5 Sales and VAT 7 Bill receivable 9 P Botha 20 Sales and VAT 28 Rent and VAT Date drawn 3 January 20.0 20 March 20.0 20 March 20.0 b/f R 4 300 500 320 140 1 400 100 R6 760 Cheque 120 121 122 123 15 124 125 126 127 19698 223 24 30 Purchases and VAT Interest expense P Louw Salaries Water and electricity and VAT Amount R400 R200 R150 Insurance and VAT Purchases and VAT Bill payable R 250 55 410 125 80 110 350 95 R1 475
Transcribed Image Text:A Botha compared his cash book with the bank statement on 30 June 20.0 and found that the following three cheques were not cashed: Cheque no. 104 110 111 July1 Balance The following is presented to you and you are requested by Mr A Botha to reconcile his cash book with the bank statement. Cash book for July 20.0 5 Sales and VAT 7 Bill receivable 9 P Botha 20 Sales and VAT 28 Rent and VAT Date drawn 3 January 20.0 20 March 20.0 20 March 20.0 b/f R 4 300 500 320 140 1 400 100 R6 760 Cheque 120 121 122 123 15 124 125 126 127 19698 223 24 30 Purchases and VAT Interest expense P Louw Salaries Water and electricity and VAT Amount R400 R200 R150 Insurance and VAT Purchases and VAT Bill payable R 250 55 410 125 80 110 350 95 R1 475
Bank statement for July 20.0 July 1 3 5 Deposit Cheque 122 Ledger fees Deposit Deposit Cheque 123 Deposit Cheque 125 Deposit 30 Cheque 127 Cheque 121 Commission 16 82 86 Balance b/f Cheque 120 Cheque 111 20 S/O (X Insurers You also determine that: insurance) Debit 250 150 Required: (a) Complete the bank account in the ledger. (b) Prepare a bank reconciliation statement as at 30 July 20.0. 310 125 110 95 55 3 123 Credit 500 320 140 1400 168 1. According to the cheque stub cheque 122 was drawn for R410. 2. The deposit of 24 July for R168 was a deposit by a receivable, P Pienaar. 3. Cheque 104 was issued to A Louw, a payable. Balance 5050 4800 4650 5 150 4840 4 835 5 155 5 295 5 170 6 570 6 460 6 628 6 533 6478 6 475 6 352
Transcribed Image Text:Bank statement for July 20.0 July 1 3 5 Deposit Cheque 122 Ledger fees Deposit Deposit Cheque 123 Deposit Cheque 125 Deposit 30 Cheque 127 Cheque 121 Commission 16 82 86 Balance b/f Cheque 120 Cheque 111 20 S/O (X Insurers You also determine that: insurance) Debit 250 150 Required: (a) Complete the bank account in the ledger. (b) Prepare a bank reconciliation statement as at 30 July 20.0. 310 125 110 95 55 3 123 Credit 500 320 140 1400 168 1. According to the cheque stub cheque 122 was drawn for R410. 2. The deposit of 24 July for R168 was a deposit by a receivable, P Pienaar. 3. Cheque 104 was issued to A Louw, a payable. Balance 5050 4800 4650 5 150 4840 4 835 5 155 5 295 5 170 6 570 6 460 6 628 6 533 6478 6 475 6 352
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