Question: Can i get the answer and explanation for question 2A Question 2 The Bank Statement and Cash Book (bank columns only) for Jennie Brown for
Can i get the answer and explanation for question 2A
Question 2
The Bank Statement and Cash Book (bank columns only) for Jennie Brown for the month of July 2021 are as follows.
Bank Statement | |||||
Debit | Credit | Balance | |||
2021 | $ | $ | $ | ||
July 01 | Balance | 57 | O/D | ||
July 03 | 123456 | 150 | 207 | O/D | |
| July 14 | Sundry credit | 210 | 3 | ||
| July 18 | Interest Charge | 24 | 21 | O/D | |
| July 20 | Sundry credit | 350 | 329 | ||
| July 22 | 123457 | 222 | 107 | ||
| July 24 | Standing order - rent | 10 | 97 | ||
| July 25 | Sundry credit | 410 | 507 | ||
| July 25 | Sundry credit | 121 | 628 | ||
| July 26 | Credit transfer - Mills | 25 | 653 | ||
| July 28 | 423460 | 100 | 553 | ||
| July 30 | 123459 | 405 | 148 |
Cash Book (bank columns only) | |||||
2021 | $ | 2015 | $ | ||
July 14 | Cheque G Smith | 210 | July 01 | Balance b/f | 57 |
July 20 | Cash Sales | 350 | July 03 | Electricity (123456) | 150 |
July 25 | Cheque F Jones | 410 | July 22 | Wages (123457) | 222 |
July 25 | Cheque R Black | 121 | July 23 | Purchases (123458) | 415 |
July 30 | Cheque W Wayne | 196 | July 30 | Rent (123459) | 405 |
July 31 | Balance c/f | 9 | July 30 | Purchases (123460) | 47 |
4,180 | 1,296 |
- Prepare the updated Cash book to show the adjusted balance. (4 marks)
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