One 2 June 2015, the company received their bank statement showing the following transactions: 1/05/15 Opening...

Transcribed Image Text:

One 2 June 2015, the company received their bank statement showing the following transactions: 1/05/15 Opening Balance 7/05/15 Deposit 8/05/15 EFT Electricity 8/05/15 Dishonour Cheque - WK Ltd 16/05/15 Deposit 23/05/15 EFT Wages 24/05/15 Deposit 24/05/15 Direct deposit - Rent income 26/05/15 EFT - Ronde Pty Ltd 30/05/15 Interest 30/05/15 Bank Fee Required: a) b) c) 450 700 6000 60 30 950 4200 900 600 30 115 Dr 835 Cr 385 Cr 315 Dr 3885 Cr 2115 Dr 1215 Dr 615 Dr 675 Dr 645 Dr 675 Dr Prepare a bank reconciliation statement as at 31 May 2015. Prepare a schedule to calculate the adjusted cash balance in Lisa Ltd's ledger account. Prepare the journals of adjust the cash balance (narrations not required) One 2 June 2015, the company received their bank statement showing the following transactions: 1/05/15 Opening Balance 7/05/15 Deposit 8/05/15 EFT Electricity 8/05/15 Dishonour Cheque - WK Ltd 16/05/15 Deposit 23/05/15 EFT Wages 24/05/15 Deposit 24/05/15 Direct deposit - Rent income 26/05/15 EFT - Ronde Pty Ltd 30/05/15 Interest 30/05/15 Bank Fee Required: a) b) c) 450 700 6000 60 30 950 4200 900 600 30 115 Dr 835 Cr 385 Cr 315 Dr 3885 Cr 2115 Dr 1215 Dr 615 Dr 675 Dr 645 Dr 675 Dr Prepare a bank reconciliation statement as at 31 May 2015. Prepare a schedule to calculate the adjusted cash balance in Lisa Ltd's ledger account. Prepare the journals of adjust the cash balance (narrations not required)

Answer rating: 100% (QA)

Bank Reconciliation Statement as at 31 May 2015 Balance as per Bank Statement Cr Opening Balance Dep... View the full answer