CPPREP4125 Trust Account Case Study

Date Transaction

20/11/2021	Scott James transferred $40,000.00 for the sales deposit for the purchase of Michelle Hilders Epping property. Receipt #: 357
10/01/2022	Freddy Fire paid $860.00 cash, being one months rent (February 2022) Landlord: Omar Downer Property: 60 Tunnel St, Humeville Receipt #: 433
13/01/2022	Alan Almer paid a cheque for $1000.00 for advertising on his property at 5a Miller Ave, Millerville which is going to auction. Receipt #: 434
	Eva Clover paid $350 rent by cheque, February rent: Landlord: Neddy Nestegg Property: 1 Summers Drive, Amberville Receipt #: 435
15/01/2022	Entry Realty paid $800.00 advertising to Weekly Press from Alan Almer for auction Cheque #: 90078
20/01/2022	Scott James has settled on his purchase of 2 Tuggerah Close, Epping. Entry Realty paid a cheque $25,000.00 to Michelle Hilder (Vendor) balance of deposit, less our commission - Cheque #: 90079
	Entry Realty paid office commission of $15,000.00 (Sale of 2 Tuggerah Close, Epping) Cheque #: 90080
28/01/2022	Helena Fort paid $800.00 direct deposit into the trust account, for one month rent (March 2022). Receipt #: 436 Landlord: Jordy Jetson Property: 12 Sapphire Street, Beaufort
29/01/2022	Paul Stone paid $600.00 cash, for 2 weeks rent (08/02/2022- 22/02/2022). Receipt #: 437 Landlord: Omar Downer Property: 2 Watchtower Way, Torquay
	Alex Davis paid $15,000.00 (5% sales deposit cheque) for 10 Riverside Road, Riversdale. Vendor: Luis Esra - Receipt #: 438

Complete the following bank reconciliation for:

Cash book balance as at 31/01/2022. ___________

Balance bought forward as at 31/12/2021 $ 40, 000.00

Add: Total receipts for January 2022 $ __________

Less: Payments for January 2022 $ ___________

Total Cash Book Balance $ __________

* As the ledger journal is the detailed account of what has gone into and come out of the trust account, the cash book balance amount should match the reconciliation amount/balance in Question 10.