The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows:Cash Book (Bank Account only)2020 RM2020 RMJuly 1Balance b/d11,895July 6Ah Chin7508Ah Pek79013Muthu2,16517Veeta46517Sari44029Fasihah1,53530Staff Club28531Siew Ting3,12031Balance c/d14,165 17,805 17,805 Bank StatementDateItemsDebitCreditBalanceJuly 1Balance b/d 11,8958Cheque 79012,6859Ah Chin750 11,93517Cheque 46512,40018Muthu2,165 10,23519Sari440 9,79529Cheque 1,53511,33030Standing order220 11,11031Mohd Azee : Trader’s Credit 45011,56031Bank charges350 11,210 Required:Prepare the updated cashbookPrepare the bank reconciliation statement as at 31 July 2020

Credit side cash book adjustment=Standing order+Bank charges=RM 220+ RM 350=RM 570

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 5E

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Cash Book (Bank Account only)

2020		RM	2020		RM
July 1	Balance b/d	11,895	July 6	Ah Chin	750
8	Ah Pek	790	13	Muthu	2,165
17	Veeta	465	17	Sari	440
29	Fasihah	1,535	30	Staff Club	285
31	Siew Ting	3,120	31	Balance c/d	14,165
		17,805			17,805

Bank Statement

Date	Items	Debit	Credit	Balance
July 1	Balance b/d			11,895
8	Cheque		790	12,685
9	Ah Chin	750		11,935
17	Cheque		465	12,400
18	Muthu	2,165		10,235
19	Sari	440		9,795
29	Cheque		1,535	11,330
30	Standing order	220		11,110
31	Mohd Azee : Trader’s Credit		450	11,560
31	Bank charges	350		11,210

Required:

Prepare the updated cashbook
Prepare the bank reconciliation statement as at 31 July 2020

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