QuestionPrepare the bank reconciliation statement as at 30 April 2021. The bank statement and bank columns in the cash book of King Food Enterprise for the month ofApril 2021 are as follows:Bank Statement for the month of April 2021DateDebitCreditBalanceRM11,895 Cr12,685 Cr11,935 Cr12,400 Cr10,235 Cr9,795 Cr11,330 Cr11,110 Сr11,210 Cr11,450 Cr11,680 Cr11,210 CrAprilRMRMBalance b/dCheque no. 1001Cheque no. 8001Cheque no. 2150Cheque no. 8002Cheque no. 8003Cheque no. 4010Standing orderCredit transfer8790975016465162,16518440231,5352722028100Cheque no. 0300Cheque no. 2050Bank Charges302403023030470 Cash Book (Bank column)Chq. NoChq. No8001RMRM11,895 April 8 WongTradingJayaEnterpriseApril 1 Balance b/d7507Mr Indra10017901580022,16515Cuaca215046518Ammara8003440TradingWingsEnterpriseMarryHouse Club2240101,53530Dewi80042852980052,00016,16519,8053003003,12019,80530Balance c/dMay 1 Balance b/d16,165Additional information:i.King Food Enterprise has recorded cheque number 0300 as RM3,120, while the bank showedthe correct amount of RM240.ii.Cheque number 2050 belonging to Kingi Enterprise has been wrongly credited to King FoodEnterprise by the bank.iii.Cheque number 8005 issued to Marry was wrongly debited by King Food Enterprise in thecash book.

Answered: uestion Prepare the bank…

Business

Accounting

uestion Prepare the bank reconciliation statement as at 30 April 2021.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 11MC

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Question

Question

Prepare the bank reconciliation statement as at 30 April 2021.

The bank statement and bank columns in the cash book of King Food Enterprise for the month of
April 2021 are as follows:
Bank Statement for the month of April 2021
Date
Debit
Credit
Balance
RM
11,895 Cr
12,685 Cr
11,935 Cr
12,400 Cr
10,235 Cr
9,795 Cr
11,330 Cr
11,110 Сr
11,210 Cr
11,450 Cr
11,680 Cr
11,210 Cr
April
RM
RM
Balance b/d
Cheque no. 1001
Cheque no. 8001
Cheque no. 2150
Cheque no. 8002
Cheque no. 8003
Cheque no. 4010
Standing order
Credit transfer
8
790
9
750
16
465
16
2,165
18
440
23
1,535
27
220
28
100
Cheque no. 0300
Cheque no. 2050
Bank Charges
30
240
30
230
30
470

Cash Book (Bank column)
Chq. No
Chq. No
8001
RM
RM
11,895 April 8 Wong
Trading
Jaya
Enterprise
April 1 Balance b/d
750
7
Mr Indra
1001
790
15
8002
2,165
15
Cuaca
2150
465
18
Ammara
8003
440
Trading
Wings
Enterprise
Marry
House Club
22
4010
1,535
30
Dewi
8004
285
29
8005
2,000
16,165
19,805
30
0300
3,120
19,805
30
Balance c/d
May 1 Balance b/d
16,165
Additional information:
i.
King Food Enterprise has recorded cheque number 0300 as RM3,120, while the bank showed
the correct amount of RM240.
ii.
Cheque number 2050 belonging to Kingi Enterprise has been wrongly credited to King Food
Enterprise by the bank.
iii.
Cheque number 8005 issued to Marry was wrongly debited by King Food Enterprise in the
cash book.

Definition Definition Document prepared to identify any discrepancies between the passbook, which logs bank transactions, and the cash book, where a business tracks its own cash and bank transactions, so that corrective measures may be taken to reconcile the differences.

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