According to Lenny Marlina's cash book, there was a balance of RM600 overdrawn on 30 April...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
According to Lenny Marlina's cash book, there was a balance of RM600 overdrawn on 30 April 2019 on her Bank Islam No. 1 account. The bank statement showed on overdraft of RM82. She asked you to help her with the problems and you found the following discrepancies: a. b. C. d. c. f. - 09 Cheques issued amounting to RM1,000 had not been presented. Cheques totalling RM500 debited in the cash book (bank column) as paid into bank had not yet been cleared by the bank. A cheque for RM240 drawn on her Bank Islam No. 1 account had been charged by the bank to her Bank Islam No. 2 account. A payment of RM140 was not recorded in the cash book (bank column). A dividend of RM80 paid to her Bank Islam No. I account. Bank charges and interest of RM60 recorded in the bank statement had not been put through the cash book (bank column). A cheque for RM100 paid into the bank had been dishonoured. h. A cheque book costing RM2 had been charged in the bank statement. Required: Do adjustments to cash book (bank column) and prepare a bank reconciliation statement for the Bank Islam No. 1 account. Lenny Marlina Cash Book Adjustments (Bank Column) RM 2019 2019 April 30 Dividend received (i) Bal c/d 822 902 Deduct: (iv) Balance per Cash Book (Cr) Balance as per Bank Statement (Dr) Add: () (ii) April 30 Bal b/d (ii) (iv) (vi) Cheque book Lenny Marlina Bank Reconcilication Statement May 1 Bal b/d (iii) RM 1,000 RM (v) (vii) 82 1,322 500 822 RM 600 902 822 According to Lenny Marlina's cash book, there was a balance of RM600 overdrawn on 30 April 2019 on her Bank Islam No. 1 account. The bank statement showed on overdraft of RM82. She asked you to help her with the problems and you found the following discrepancies: a. b. C. d. c. f. - 09 Cheques issued amounting to RM1,000 had not been presented. Cheques totalling RM500 debited in the cash book (bank column) as paid into bank had not yet been cleared by the bank. A cheque for RM240 drawn on her Bank Islam No. 1 account had been charged by the bank to her Bank Islam No. 2 account. A payment of RM140 was not recorded in the cash book (bank column). A dividend of RM80 paid to her Bank Islam No. I account. Bank charges and interest of RM60 recorded in the bank statement had not been put through the cash book (bank column). A cheque for RM100 paid into the bank had been dishonoured. h. A cheque book costing RM2 had been charged in the bank statement. Required: Do adjustments to cash book (bank column) and prepare a bank reconciliation statement for the Bank Islam No. 1 account. Lenny Marlina Cash Book Adjustments (Bank Column) RM 2019 2019 April 30 Dividend received (i) Bal c/d 822 902 Deduct: (iv) Balance per Cash Book (Cr) Balance as per Bank Statement (Dr) Add: () (ii) April 30 Bal b/d (ii) (iv) (vi) Cheque book Lenny Marlina Bank Reconcilication Statement May 1 Bal b/d (iii) RM 1,000 RM (v) (vii) 82 1,322 500 822 RM 600 902 822
Expert Answer:
Answer rating: 100% (QA)
Answers Answer Date Apr 302019 Particulars Dividend Received Balance cd Lenny Marlina Cash Book Adj... View the full answer
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Posted Date:
Students also viewed these accounting questions
-
Your brother has asked you to help him with choosing an investment. He has $7,800 to invest today for a period of two years. You identify a bank CD that pays an interest rate of 0.0500 annually with...
-
On April 1, the cash account balance was $18,750. During April, cash payments totaled $219,140, and the April 30 balance was $22,175. Determine the cash receipts during April.
-
The April 30 bank statement of Durkin Engineering Associates has just arrived from Maine First Bank. To prepare the Durkin bank reconciliation, you gather the following data: a. Durkins Cash account...
-
Is the answer correct? The graph of a y = f(x) is shown. 6 + 5 14 m ~ 1 -6 -5 -4 -3 2 -1 -1 -2 -3 A w -4 -5- -6+ 1 2 3 4 The domain of f(x) is x = [-3,3] The domain of g(x) = notation) S 6 f(x) is a ...
-
Dorian Dermatology Associates consists of a medical suite of offices with two MDs, one office manager, two medical assistants, and one receptionist. The office manager provided the following...
-
The Wharf (Holdings) Limited (Wharf) is a Hong Kong listed Real Estate Development Company. Exhibit 1, below, offers a brief description adapted from the companys 2010 and 2011 annual reports and...
-
Transfer Pricing Montana Woolen Products has two divisions: a Fabric division that manufactures woolen fabrics, and a Clothing division that manufactures woolen dresses, coats, shirts, and...
-
Designing a Balanced Scorecard for a pharmaceutical company Chadwick, Inc.: The Balanced Scorecard (Abridged)14 Company Background Chadwick, Inc., was a diversified producer of personal consumer...
-
Included among the factors that affect the productivity of camera PATs and drone PATs are Copyright by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibi...
-
YWS is considering the purchase of equipment for $100,000 to fund a program that will provide the following cash inflows: Year 1 - $25,000, Year 2 - $40,000, and Year 3 - $50,000. Calculate the...
-
Indicate the characteristics of the o- in the carbonyl. And an example.
-
Determine the size of the disconnecting means for a 50 HP, 230 V, 3-phase squirrel cage motor.
-
As one of the pioneers in the low cost airline market, easyJet bases its business on a number of principles: Minimize distribution costs by using the internet to take bookings. About 90 per cent of...
-
What is the internal energy, pressure energy, kinetic energy, and enthalpy of a system?
-
What is the stagnation point parameter? Why does the total enthalpy remain unchanged and the total pressure decreases in the steady adiabatic friction pipeline flow?
-
What is supersonic flow around airfoil?
-
Anson Jackson Court Company (AJC) TheAnson Jackson Court (AJC) currently has $150,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate of6%. Its earnings before...
-
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
-
Rogers Communications Inc. provides cell phone and cable access to consumers, operates radio and television stations, publishes consumer magazines and professional publications, and owns the Toronto...
-
Classify each of the following transactions as increasing, decreasing, or having no effect on cash flows: a. Purchasing inventory from a supplier on account b. Purchasing office supplies and writing...
-
Describe the nature of unearned revenues and provide an example. Discuss.
-
Outline the steps in the fraud hypothesis testing approach. What are Type II errors? How does one avoid Type II errors?
-
You determine the following data about a local government in the southeast. Determine the ratios of unreserved fund balance and reserved fund balance to total revenues. Are these ratios favorable?...
-
Assume that Debt Service Expenditures is \(\$ 16.2\) million and Total Revenues is \(\$ 70.1\) million. Calculate the Debt Service/total revenue ratio. Is the ratio favorable?
Study smarter with the SolutionInn App