As accountant for J. Stojanovic & Son, you are required to perform a bank reconciliation at the end of June 2016. The bank reconciliation statement for the previous month is set out below:

	Bank Reconciliation Statement as at 31 May 2016
	Balance as per bank statement Add: Outstanding deposit				$	343.64 131.45	Cr
	Less: Unpresented cheque no. 1008					475.09   61.60
	Balance as per Cash at Bank account				$	413.49	Dr

Abridged cash receipts and cash payments journals before finalisation and posting are:

Cash Receipts Journal
	Date	Account						Cash at Bank
	2016 June   2	R. Wike							121.66
	5	Sales Langer Ltd							270.36 66.00
	9	C. Nunn							341.55
	12	Sales J. Byron S. Banks							149.82 93.55 187.78
	16	Sales							122.26
	22	R. Ricketts Cowra Cannery Ltd							27.50 308.00
	27	Sales R. Wike Langer Ltd							84.89 154.00 53.40
	28	R. Ricketts — dishon. Cheque							(27.50		)
	29	Sales							224.83
	30	Sales							241.34
									2419.44

Cash Payments Journal

Date

Account

Cheque no.

Cash at Bank

2016 June   2           3           5           6           9         11         13         16         17         18         20         25         26         28         30

Stationery Royal Ltd Advertising J. Brown Ltd Wages and salaries Petty cash Riley and Sons Vehicle expenses Wages and salaries Travel — sales staff Sales commission Royal Ltd Wages and salaries Electricity expense Wages and salaries R. Banco Austral Motors Donation — Red Cross Riley and Sons Freight inwards P. Minecello

1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030

35.75 328.13 28.05 54.10 302.50 27.50 123.36 36.08 302.50 16.50 33.82 105.51 302.50 118.59 297.00 42.15 46.86 11.00 85.14 24.25 90.82

2412.11

The following is a copy of the bank statement for the month of June 2016.

Required

A. Complete the cash journals, amending or adding to them as necessary, and post the cash at bank totals to the Cash at Bank account.

B. Prepare the Cash at Bank account showing the final balance at 30 June 2016.

C. Prepare the bank reconciliation statement as at 30 June 2016.

Transcribed Image Text:

BANK STATEMENT DATE 2016 PARTICULARS DEBIT CREDIT BALANCE Balance June 1 343.64 Cr 307.89 Cr 439.34 Cr 561.00 Cr 499.40 Cr 835.76 Cr 507.63 Cr 479.58 Cr 177.08 Cr 149.58 Cr 95.48 Cr 437.03 Cr 313.67 Cr 11.17 Dr 442.32 Cr 425.82 Cr 392.00 Cr 514.26 Cr 478.18 Cr 372.67 Cr 708.17 Cr 405.67 Cr 697.96 Cr 395.46 Cr 276.87 Cr 249.37 Cr 207.22 Cr 184.72 Cr 137.86 Cr 362.69 Cr 2 1010 35.75 131.45 121.66 5 1008 61.60 336.36 6 1011 7 1012 1014 1015 9 1013 328.13 28.05 302.50 27.50 54.10 341.55 12 1016 1018 123.36 302.50 431.15 1019 1020 16 1017 16.50 33.82 15 122.26 36.08 105.51 19 22 1021 335.50 1022 302.50 27 28 292.29 1024 1023 Returned cheque 30 302.50 118.59 27.50 42.15 22.50 46.86 1025 Account and transaction fees 1026 224.83 TOTAL DEBITS TOTAL CREDITS BALANCE 2337.05 362.69 CR 2318.00