As the accountant for Sam & Ben’s Ice Cream 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				$	5634.58    432.67
	Less: Unpresented cheques:           Cheque no. 4578    $67.35                              4579    134.89                              4581    287.34					6067.25    489.58
	Balance as per Cash at Bank account				$	5577.67

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

Cash Receipts Journal
	Date	Account						Cash at Bank
	2016 June   1	Sales							599.54
	2	M. Fraser Sales							56.98 515.90
	4	P. Bartel Sales							64.00 602.78
	5	Sales							548.70
	8	C. Mason I. Ellis Sales							98.00 45.68 555.60
	9	Sales							525.00
	12	J. Rasheed Sales							34.65 502.40
	15	Sales							519.56
	17	J. Botten J. Greenhalgh Sales							35.40 22.20 440.86
	19	J. Rasheed — dishon. cheque Sales							(34.65 498.90		)
	22	Sales							548.65
	26	M. Fraser Sales							34.50 536.00
	29	Sales							506.80
	30	Sales							480.65
									7738.10

Cash Payments Journal

Date

Account

Cheque no.

Cash at Bank

2016 June   1           2           4           5                        8           9                      11         12         15                      17         18         19         22         24         25         26         29         30

Love Ltd Bishop Ltd Wages and salaries Petty cash D. Elliot Taylor & Sons PB Petrol Bowsers Accommodation G. Warner & Partner Electricity Ltd Big Gas Corporation Telephone Company Advertising Wages and salaries Donation – Sallies Army Freight Purchases PB Petrol Bowsers S. Bartel Petty cash K. Turner

4582 4583 4584 4585 4586 4587 4588 4589 4590 4591 4592 4593 4594 4595 4596 4597 4598 4599 4600 4601 4602

345.67 189.60 880.00 54.65 125.60 54.90 95.00 235.40 584.30 720.89 220.54 325.90 220.00 880.00 50.00 80.00 2080.90 56.80 125.00 42.05 38.70

7405.90

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

Bank Statement

Date

Particulars

Debit

Credit

Balance

2016 June   1           2                                     3           4           5                        6           8           9                      12         15         17         18

Balance 4579 Deposit Deposit Deposit 4582 4583 4584 Deposit 4585 Deposit 4581 Deposit 4588 Deposit 4586 4589 Deposit 4590 4587 4592 Deposit 4593 Deposit 4595

134.89 345.67 189.60 880.00 54.65 287.34 95.00 125.60 235.40 584.30 54.90 220.54 Fantastic news! We've Found the answer you've been seeking! Answer rating: 57% (7 reviews) A Cash Receipts Journal Date Account Cash at Bank 2016 June 1 Sales 59954 2 M Fraser 5698 Sales 5159...View the full answer Answered By PRINCE PANDEY I am Indian Chartered Accounting having a strong hold in the subjects of Accounting, IFRS Reporting, Indian Taxation, Cost Accounting, Auditing. I have vast experience of teaching a student with easy way problem-solving approach. 5.00+ 1+ Reviews 10+ Question Solved Related Book For   Accounting ISBN: 978-1118608227 9th edition Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett See More Books Question Posted: Jun 20, 2019 08:24 AM See More Questions Students also viewed these Business questions As the accountant for Jims Hardware of Halifax, you have been asked to complete a worksheet from the following trial balance as well as additional data. Additional Data a. and b. Cost of ending... As the accountant for Jasper's Telemarketing Services, you discovered the following errors in the May 31 unadjusted trial balance that require correction: a. Advertising Expense was debited and... As the accountant for Collins Products Corporation, you have the following information available to you: REQUIRED 1. 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