The following transactions relate to the cash book of P Rapley for the month of June 2011.
Question:
The following transactions relate to the cash book of P Rapley for the month of June 2011.
Construct the cash book for that month.
Transcribed Image Text:
Jun 01 Balance at bank 450 (debit balance) and 198 cash in hand Jun 02 Paid S Cowling (a supplier) by cheque 276 Jun 03 Received 125 cash from J Blakeley (a debtor) Jun 05 Bought fixtures for 355, payment made by cheque Jun 07 Borrowed 800 from bank: money transferred directly into account Jun 10 Took 50 cash for personal use Jun 12 Cash sales of 96 paid directly into bank Jun 15 Rent received 43 cash Jun 18 Purchases for 176 cash Jun 20 Cash of 100 banked Jun 21 Paid insurance by cheque 145 Jun 25 Cheque received for 89 from N Standen (a debtor) Jun 28 Sold office equipment for 65 cash Jun 29 Withdrew 50 from bank for personal use
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
Cash book 2011 Cash Bank 2011 Cash Bank 48 Jun 01 Balances bd 198 450 Jun 02 S Cowl...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
Question Posted:
Students also viewed these Business questions
-
The following transactions relate to Toy Manufacturers Company during the month of June. (a) Calculate the profit on sale. (b) Explain the effect of each transaction on the accounting equation. Date...
-
October 1, 2019, Deku and Dabi decided to pool their assets and form a partnership. The firm is to take over the business assets and assume business liabilities; equities are to be based on net...
-
Question 16 (6 points) Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is...
-
What is the type of the expressions computed on these two lines? 4 > 5 print (4>5)
-
What are the benefits and risks of the United States being a large net debtor nation?
-
How are brands using events and experiences to meet communications objectives?
-
Carefully consider the relationship between globalization and the nation-state. In what ways did historic patterns of globalization play an important role in the creation of nation-states? To what...
-
A convenience store recently started to carry a new brand of soft drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or...
-
Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 per unit, and fixed expenses total $200,000 per year. Its...
-
Write up a two-column cash book from the following data. May 01 Balances at start of month Bank 45.62 (0/d) Cash in till 23.92 May 02 Petrol paid 16.23 cash May 04 Cash sales of 215.00 paid directly...
-
From the following data, construct the cash book for the month of May 2011. May 1 Balance at bank 430 (overdrawn) and 21 cash in hand May 3 Sale of equipment for 120 with payment received by cheque...
-
Explain why the solution u(k), k > 0, to the initial value problem (10.6) exists and is uniquely defined. Does this hold if we allow negative k < 0?
-
Research www.hropenstandards.org. How many transactions or interfaces do the standards support? How many software vendors are involved with the organization?
-
Consumer product giant Proctor & Gamble (P&G) agreed to sell its portfolio of 43 beauty brands to beauty products maker Coty Inc. (Coty) for $12.5 billion on July 8, 2015. Included in the deal are...
-
What are the main functions of a database management system, and how is it different from a database?
-
Give examples of the types of actions that may be required by the parties to a proposed merger subject to an FTC consent decree.
-
Identify the initial and ongoing expenses related to the BCM program.
-
What was the source of the problem here?
-
Assessing simultaneous changes in CVP relationships Braun Corporation sells hammocks; variable costs are $75 each, and the hammocks are sold for $125 each. Braun incurs $240,000 of fixed operating...
-
In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $90,000. How much of the casualty loss will be deductible by Wilson under the following circumstances? a....
-
Benton Company (BC) has one owner, who is in the 33% Federal income tax bracket. BCs gross income is $395,000, and its ordinary trade or business deductions are $245,000. Compute the Federal income...
-
In the current year, Tanager Corporation (a C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tanager had a long-term capital gain of $55,000 and a...
-
Perform the following 1. Convert your categorical variables into dummy variables 2. Scale the data using a scaler of your choice 3. Split your data into a training and testing set, with test size of...
-
4.1. VIP Transport, which operates a car hire service in East London, requires a program which will track trips by its drivers. A trip is described by car id. destination and distance. The program is...
-
You are an accountant at Company XYZ, which has a fiscal year ending on December 31. It is now December 31, 2022, and you are getting ready to record the adjusting journal entry for this year's bad...
Study smarter with the SolutionInn App