Bank statement of Paul's Cafe Limited for December 31, 2023 has an ending balance of 914,311/-....

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Bank statement of Paul's Cafe Limited for December 31, 2023 has an ending balance of 914,311/-. All cash receipts are deposited each evening in the night depository after banking hours. The accounting records indicate the following summary data for cash receipts and payments Cash at Dec 1 2023 Cash receipts Total payments (Checks) 394,350 2,897,160 2,838,885 On comparing the bank statement and the accompanying cancelled checks and memorandums with records reveal the following items. 1. The bank had collected for Pauls Cafe 103,000/= Being the value of the Note and interest of 3,000/- 2. A deposit of 185,221/ representing receipts for December 31 2023 had been made too late to appear on the bank statement 3. Checks outstanding totaled 526,527/= 4. A check drawn for 13,900 had been incorrectly charged by bank as 15,700/= 5. A check for 3,000/= returned with statement had been recorded as in the books as 24,000/=. The check was for payment of an obligation to an equipment company for purchase of office supplies on account 6. Bank charges for June amounted to 1,820/= Required Journalize the entries to update the cash book. Prepare bank reconciliation statement as at December 31, 20231 Bank statement of Paul's Cafe Limited for December 31, 2023 has an ending balance of 914,311/-. All cash receipts are deposited each evening in the night depository after banking hours. The accounting records indicate the following summary data for cash receipts and payments Cash at Dec 1 2023 Cash receipts Total payments (Checks) 394,350 2,897,160 2,838,885 On comparing the bank statement and the accompanying cancelled checks and memorandums with records reveal the following items. 1. The bank had collected for Pauls Cafe 103,000/= Being the value of the Note and interest of 3,000/- 2. A deposit of 185,221/ representing receipts for December 31 2023 had been made too late to appear on the bank statement 3. Checks outstanding totaled 526,527/= 4. A check drawn for 13,900 had been incorrectly charged by bank as 15,700/= 5. A check for 3,000/= returned with statement had been recorded as in the books as 24,000/=. The check was for payment of an obligation to an equipment company for purchase of office supplies on account 6. Bank charges for June amounted to 1,820/= Required Journalize the entries to update the cash book. Prepare bank reconciliation statement as at December 31, 20231 Bank statement of Paul's Cafe Limited for December 31, 2023 has an ending balance of 914,311/-. All cash receipts are deposited each evening in the night depository after banking hours. The accounting records indicate the following summary data for cash receipts and payments Cash at Dec 1 2023 Cash receipts Total payments (Checks) 394,350 2,897,160 2,838,885 On comparing the bank statement and the accompanying cancelled checks and memorandums with records reveal the following items. 1. The bank had collected for Pauls Cafe 103,000/= Being the value of the Note and interest of 3,000/- 2. A deposit of 185,221/ representing receipts for December 31 2023 had been made too late to appear on the bank statement 3. Checks outstanding totaled 526,527/= 4. A check drawn for 13,900 had been incorrectly charged by bank as 15,700/= 5. A check for 3,000/= returned with statement had been recorded as in the books as 24,000/=. The check was for payment of an obligation to an equipment company for purchase of office supplies on account 6. Bank charges for June amounted to 1,820/= Required Journalize the entries to update the cash book. Prepare bank reconciliation statement as at December 31, 20231 Bank statement of Paul's Cafe Limited for December 31, 2023 has an ending balance of 914,311/-. All cash receipts are deposited each evening in the night depository after banking hours. The accounting records indicate the following summary data for cash receipts and payments Cash at Dec 1 2023 Cash receipts Total payments (Checks) 394,350 2,897,160 2,838,885 On comparing the bank statement and the accompanying cancelled checks and memorandums with records reveal the following items. 1. The bank had collected for Pauls Cafe 103,000/= Being the value of the Note and interest of 3,000/- 2. A deposit of 185,221/ representing receipts for December 31 2023 had been made too late to appear on the bank statement 3. Checks outstanding totaled 526,527/= 4. A check drawn for 13,900 had been incorrectly charged by bank as 15,700/= 5. A check for 3,000/= returned with statement had been recorded as in the books as 24,000/=. The check was for payment of an obligation to an equipment company for purchase of office supplies on account 6. Bank charges for June amounted to 1,820/= Required Journalize the entries to update the cash book. Prepare bank reconciliation statement as at December 31, 20231

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Journal Entries for the updated cash book are as follows Date December 31 2023 Transaction Collectio... View the full answer