QUESTION 1 A. Hawa Enterprise is a small retail business located in Changlun, Kedah. Follows are...

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QUESTION 1 A. Hawa Enterprise is a small retail business located in Changlun, Kedah. Follows are information on bank transactions of Hawa Enterprise as at 31 July 2022: a. b. C. d. e. f. h Cash on the book was RM34,635. Cash as shown on the bank statement was RM35,296. A deposit of RM3,500, representing cash receipts on 31 July, did not appear on the bank statement. Outstanding cheque include cheques No 2031, No 2558, and No 2783 with the amount respectively RM530, RM1,551 and RM2,100. The bank collected RM810 on a note receivable for Hawa Enterprise. The bank charged a collection fee of RM10 which was credited to Hawa Enterprise's account. An NSF cheque for RM950 from a customer, En Mansor, was returned with the bank statement. The bank paid correctly an amount of RM3,680 for cheque No 2805 which was recorded in a book as RM3,860. Bank service charges for July 2022 amounted to RM50. REQUIRED: Prepare the bank reconciliation statement for Hawa Enterprise as at 31 July 2022. B. Beginning July 2022, Hawa Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of July: 5/7 Established a RM300 petty cash fund with cash withdrawn from the company's current account. 30/7 The petty cash fund has RM12 remaining and is replenished. Expenditures for July were RM75 for supplies, RM60 (meals), RM80 (postage), RM50 (amenities) and RM25 (freight-in). REQUIRED: Prepare the journal entries for the above transactions. QUESTION 1 A. Hawa Enterprise is a small retail business located in Changlun, Kedah. Follows are information on bank transactions of Hawa Enterprise as at 31 July 2022: a. b. C. d. e. f. h Cash on the book was RM34,635. Cash as shown on the bank statement was RM35,296. A deposit of RM3,500, representing cash receipts on 31 July, did not appear on the bank statement. Outstanding cheque include cheques No 2031, No 2558, and No 2783 with the amount respectively RM530, RM1,551 and RM2,100. The bank collected RM810 on a note receivable for Hawa Enterprise. The bank charged a collection fee of RM10 which was credited to Hawa Enterprise's account. An NSF cheque for RM950 from a customer, En Mansor, was returned with the bank statement. The bank paid correctly an amount of RM3,680 for cheque No 2805 which was recorded in a book as RM3,860. Bank service charges for July 2022 amounted to RM50. REQUIRED: Prepare the bank reconciliation statement for Hawa Enterprise as at 31 July 2022. B. Beginning July 2022, Hawa Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of July: 5/7 Established a RM300 petty cash fund with cash withdrawn from the company's current account. 30/7 The petty cash fund has RM12 remaining and is replenished. Expenditures for July were RM75 for supplies, RM60 (meals), RM80 (postage), RM50 (amenities) and RM25 (freight-in). REQUIRED: Prepare the journal entries for the above transactions.