Question: a. C. e. Question 1 IN HIM IS LIFE, a sole trader has just received his bank statement and is confused as to why his

a. C. e. Question 1 IN HIM IS LIFE, a sole trader has just received his bank statement and is confused as to why his cash book shows a balance of GH36,960. Upon further enquiries, the following information became available; Three cheques received from customers (GH10,740. GH3,180 and GH1,350) were still in the office safe. b. A standing order for the payment of electricity bill of GH7,760 had been paid by the bank. The bank had charged GH510 for its services to Mr. IN HIM IS LIFE. d. The bank had debited IN HIM IS LIFE ACCOUNT in error with GH1,160 A credit transfer of GH46,500 had been made in favor of IN HIM IS LIFE, but this had recorded on the bank statement only. f. As at the date of the bank statement, the following cheques which were recorded as having been paid had not been presented to the bank for payment. i. Coffee GH4,700 ii. Boakye GH4,500 111. Agyei GH3,680 iv. Boadu GH3,630 The bank received a telegraphic transfer of GH830. This was credited in error to MR. IN HIM IS LIFE. You are required to prepare; i. adjusted cashbook for the period ended 31st December 2007 a bank reconciliation statement as at 31st December, 2007 g 11
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