2. At 31 March 2019, the cash book of Company 2 showed a debit balance of £56. An examination of the bank statements and the accounting records of the company revealed the following: On 30 March 2019, the bank wrote to Company 2 stating that a cheque of £360 received from a customer and banked on 25 March 2019 had bounced and had been dishonoured. This letter was only received by Company 2 on 2 April 2019. Bank charges of £460 appeared on the bank statement on 30 March 2019 but the company was unaware of this transaction. Receipts of £9,215 banked on 31 March 2019 were not cleared through the banking system until April 2019, while payments totalling £19,401, issued by the company in March 2019 were also not cleared through the banking system until April 2019. What was the balance appearing on the bank statement at 31 March 2019? A BCD £9,422 £(10,950) £9,310 £10,142

2. At 31 March 2019, the cash book of Company 2 showed a debit balance of £56. An examination of the bank statements and the accounting records of the company revealed the following: On 30 March 2019, the bank wrote to Company 2 stating that a cheque of £360 received from a customer and banked on 25 March 2019 had bounced and had been dishonoured. This letter was only received by Company 2 on 2 April 2019. Bank charges of £460 appeared on the bank statement on 30 March 2019 but the company was unaware of this transaction. Receipts of £9,215 banked on 31 March 2019 were not cleared through the banking system until April 2019, while payments totalling £19,401, issued by the company in March 2019 were also not cleared through the banking system until April 2019. What was the balance appearing on the bank statement at 31 March 2019? A BCD £9,422 £(10,950) £9,310 £10,142

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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