Question: Student Assessment: Task 1 Project CPPREP4125 Transact in trust accounts Upload your completed assessment to send it to your assessor for marking. We will contact

Student Assessment: Task 1 Project CPPREP4125 Transact in trust accounts Upload your completed assessment to send it to your assessor for marking. We will contact you when your assessor has graded it. Please review your assessor feedback. You have three attempts to complete the assessment. Student Name: CASE STUDY ABC Real Estate runs a small business that specializes in residential sales. There are regular transactions in and out of the sales trust account. We have provided examples of entries into the various books of the account over the month of January 2023. The example will begin with a balance of $150,000 representing a sales deposit from purchaser Peterson who bought a property from Taylor. The example works through all the transactions to the final bank reconciliation for the month of January. Review the January example documents below prior to completing your assessment as information from the example accounts will be required for you to successfully complete your assessment. EXAMPLE accounts from January Harcourts Real Estate Sales Trust Account - Bank Statement (EXAMPLE) BANK NAME Bank of Training STATEMENT BALANCE BANK PHONE 99872322 $ 239,000.00 ACCT NO. 12345678 STATEMENT DATE 31st January 20XX DATE DESCRIPTION DEBIT CREDIT BALANCE 31 Dec 20XX

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!