The following is the Cash Book (Bank columns only) for Madriga Malcolm for August 2022.

Aug 1 8 14 20 26	Balance b/d Lodgement Ann Long Robert Blake Shara Gregory	$ 40,000 6,000 5,000 15,200 1,8,400	Aug 5 10 17 23 29 31	Wages Internet Super Enterprise Della Ltd. Sugar Mills Balance c/d	$ 6,000 3,000 8,000 4,000 16,800 46,800
		84,600			84,600

The following Bank Statement was received in early September and relates to the same period under consideration.

2022		Payments $	Receipts $	Balance $
August 1 5 9 15 16 18 19 20 21 24 30	Balance b/d Standing order Wages Internet Lodgement Ann Long Karen Simms Dishonouredcheque Bank charges Direct transfer Super Enterprise	300 6,000 3,800 600 8,000	6,000 5,000 5,700 2,000	40,000 39,700 33,700 30,700 36,700 41,700 47,400 43,600 43,000 45,000 37,000

Required:

a. Prepare an Updated Cash Book for the month of August 2022.

b. Prepare a Bank Reconciliation Statement as at August 31, 2022

Answer rating: 100% (QA)

ANSWER The adjusted and updated Bank Balance as on August is 49800 a Updated Cash Book ... View the full answer