Mancon Trading has provided the following cash book summary (bank columns only) for August 2020. Dr...

   

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Mancon Trading has provided the following cash book summary (bank columns only) for August 2020. Dr Aug 2020 1 7 12 20 27 1 6 Bal blf Cash 7 9 с Richard T Chan Cash Cash Book RM 1,400 100 400 150 120 Aug Bal b/f Credit transfer woodland Bhd Credit Cheque No 1023 4 9 18 23 30 J Singh N 350 Garcha Rent M Chi S Lee Cheque No The Bank Statement received for August is summarised as follows: Aug Details Receip Payment RM 2020 ts RM 150 1023 1024 100 1025 1026 1027 Cr RM 350 200 400 330 100 Balance RM 1,400 Cr 1,550 Cr 1,650 Cr 1,300 Cr a. b. 16 18 24 26 27 31 Cheque No 1024 Direct debit (Zone S/B) Cheque no 1025 Credit Credit Bank charges 200 946 400 10 150 120 1,100 Cr 154 Cr 246 Dr 96 Dr 24 Cr 14 Cr Required: Prepare an Updated Cash Book starting with the balance on 31 August 2020. (10 marks) Prepare a statement that reconciles the balance between the amended Cash Book and the bank Statement balance at 31 August 2020. (10 marks) (Total :20 marks) Mancon Trading has provided the following cash book summary (bank columns only) for August 2020. Dr Aug 2020 1 7 12 20 27 1 6 Bal blf Cash 7 9 с Richard T Chan Cash Cash Book RM 1,400 100 400 150 120 Aug Bal b/f Credit transfer woodland Bhd Credit Cheque No 1023 4 9 18 23 30 J Singh N 350 Garcha Rent M Chi S Lee Cheque No The Bank Statement received for August is summarised as follows: Aug Details Receip Payment RM 2020 ts RM 150 1023 1024 100 1025 1026 1027 Cr RM 350 200 400 330 100 Balance RM 1,400 Cr 1,550 Cr 1,650 Cr 1,300 Cr a. b. 16 18 24 26 27 31 Cheque No 1024 Direct debit (Zone S/B) Cheque no 1025 Credit Credit Bank charges 200 946 400 10 150 120 1,100 Cr 154 Cr 246 Dr 96 Dr 24 Cr 14 Cr Required: Prepare an Updated Cash Book starting with the balance on 31 August 2020. (10 marks) Prepare a statement that reconciles the balance between the amended Cash Book and the bank Statement balance at 31 August 2020. (10 marks) (Total :20 marks)

Answer rating: 100% (QA)

a Updated Cash Book August 31 2020 Cash Book Balance RM 1400 DrAugRM Cash1001300 Cheque1023350 Chequ... View the full answer