The following information is relevant to Cheesy Photo-Bombs for April 2021: Balances on 31 March 2021...

  

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The following information is relevant to Cheesy Photo-Bombs for April 2021: Balances on 31 March 2021 Bank (Cr) Petty cash Vehicles Capital Totals for Cash Journals on 30 April 2021 Cash book payments Bank total Vehicles . . Cash book receipts Bank total Capital . . R46 895 R1 500 R540 500 R105 000 R365 085 R199 000 R598 684 R95 000 Additional information regarding the bank account in the Cash Journals: A. Two new vehicles at R95 000 each were purchased during the month. Only one vehicle was recorded in the Cash Journals. B. Bank charges for the month was not yet recorded, R555. C. Received a cash donation from a deceased estate, R15 000. This transaction was not yet recorded. D. The owner invested another R30 000 in the business. This transaction has already been captured. Required: 5.1 Calculate the new bank totals for the cash books (Receipts and Payments Journals). 5.2 Prepare the following General Ledger accounts for Cheesy Photo-Bombs for April 2021: 5.2.1 Capital 5.2.2 Bank 5.2.3 Vehicles Close off and balance accounts where necessary. The following information is relevant to Cheesy Photo-Bombs for April 2021: Balances on 31 March 2021 Bank (Cr) Petty cash Vehicles Capital Totals for Cash Journals on 30 April 2021 Cash book payments Bank total Vehicles . . Cash book receipts Bank total Capital . . R46 895 R1 500 R540 500 R105 000 R365 085 R199 000 R598 684 R95 000 Additional information regarding the bank account in the Cash Journals: A. Two new vehicles at R95 000 each were purchased during the month. Only one vehicle was recorded in the Cash Journals. B. Bank charges for the month was not yet recorded, R555. C. Received a cash donation from a deceased estate, R15 000. This transaction was not yet recorded. D. The owner invested another R30 000 in the business. This transaction has already been captured. Required: 5.1 Calculate the new bank totals for the cash books (Receipts and Payments Journals). 5.2 Prepare the following General Ledger accounts for Cheesy Photo-Bombs for April 2021: 5.2.1 Capital 5.2.2 Bank 5.2.3 Vehicles Close off and balance accounts where necessary.

Answer rating: 100% (QA)

No 51 Statement of Reciepts Payments Reciepts Amount Payments Amount To Opening Bal Bank 4689500 Pet... View the full answer