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 ...
-
Joe Evans opened a fishing supply store named Evans Bait & Tackle, Inc. The following transactions occurred during its first month. Enter each transaction into the accounting equation and identify an...
-
1. Identify the ethical issues involved in the case from a consequentialist and deontological perspective (refer to Chapter 2). 2. Identify the management issues involved in the case. For example,...
-
Tyler Company reported the following costs on its financial statements (in thousands): REQUIRED: Using the reserve disclosure for Tyler Company in problem 13 and the data presented in this problem,...
-
Health Care Systems of Florida (HCSF) is planning to build a number of new emergency-care clinics in central Florida. HCSF management has divided a map of the area into seven regions. They want to...
-
Ho: 5. Now let's consider the effects of comparing responses across samples. Suppose that groups 1 and 2 used the same people, and that responses for individuals 1 to 8 are listed in each row....
-
Pecos Company acquired 100 percent of Suaro's outstanding stock for $1,450,000 cash on 1/1/2014, when Suaro had the following balance sheet: Cash - $37,000 Liabilities - ($422,000) Receivables -...
-
GridCo Ghana is planning ahead of how to use its mix of available electricity generation plants to meet electricity demand for the year 2022. It currently has at its disposal seven different types of...
-
A block having weight 5 OO N is resting on a rough surface can be moved by a force of 1 2 0 N inclined 6 0 degrees to horizontal. find the coefficient of friction.
-
Sam provides services to a partnership that leases property on a long-term, triple net lease basis to Walmart. The investors in the partnership compensate Sam for his hard work by giving him 10%...
-
As an Accounting Manager explain to your new employee how an AIS works. The purpose and importance of an AIS, the users of the AIS and what information is important to these specific users. The...
-
Organizational culture and impact on African Immigrants and Employee performance Analyze the difference between trustworthiness and validity Evaluate a recent dissertation with respect to how it...
-
Phil enters into a contract to purchase a restaurant (including the premises) for $800,000 which he wishes to continue to run as a restaurant for the indefinite future. However, the restaurant...
-
Quigley Co. purchased a machine on January 1, 2016 for $1,403,000. It had an estimated residual value of $119,600 and a useful life of 11 years. An expense account was debited on the date of...
-
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.
-
Find the input-output differential equation relating \(v_{o}\) and \(v_{i}(t)\) for the circuit shown below. w R R Vo v(t) R L
-
Consider the following circuit where \(i_{i}(t)\) is the input current and \(i_{o}(t)\) is the output current. (a) Obtain the State-Variable Matrix model \((A, B, C, D)\) for the circuit. (b) Obtain...
-
(a) For the following circuit find the State-Variable Matrix model (A, B, C, D) where \(v_{o}\) is the output voltage and \(v_{i}\) is the input voltage. (b) Also, find the input-output differential...
Study smarter with the SolutionInn App