You are the cashier employed at Tastee Limited. On November 30, 2020, you started with a...

 

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You are the cashier employed at Tastee Limited. On November 30, 2020, you started with a float of $6,500 and at the end of the business day your cash in the cash till were as follows: Notes Coins Cheques Received 89 x 1000 notes 345 x 500 notes 197 x 100 notes 275 x 50 notes 187 x 20 coins 130 x 10 coins 901 x 5 coins 326 x 1 coins 127 x 25 coins 110 x 10 coins 134x.05 coins BNS # 23190453 NCB #87318934 CIBC # 9671204 NCB # 4590123 BNS # 3901282 RBTT #3214387 BNS 654712347 Her totals for the day were as follows: S Total receipts for the day Lunch vouchers Credit Card Total debit card sales Total cash received from sales Void slips Received from Debtor REFUND FROM Creditors ? 12,320 1556,250 147,250 295,850 16,000 6,000 3,500 $99,300.96 $141,168.65 $207,242.30 $137,132 23 $67,500.20 $ 64,241.32 $36,254.36 NB. The business only keeps $6500 cash on hand all other monies are banked at the end of the day. The cashier realized that at the end of the day when all the cash was batched as stated above the following loose cash and cheques were still in the cash till $1000, $100, $20, $50, $500, $100, $$1000, $500, $100, $500, BNS # 01050 $13,500, $50, $10, BNS Cheque #6024 $29,650, RBTT# 325416$ $11,318, $500 (30 marks) Required: a) Calculate all total indicated above with a question mark. b) Balance the terminal making special note of any discrepancies (overage/shortage) c) Prepare the cash summary sheet for the day. d) Prepare a breakdown of the closing cash float e) Prepare the Bank Lodgment You are the cashier employed at Tastee Limited. On November 30, 2020, you started with a float of $6,500 and at the end of the business day your cash in the cash till were as follows: Notes Coins Cheques Received 89 x 1000 notes 345 x 500 notes 197 x 100 notes 275 x 50 notes 187 x 20 coins 130 x 10 coins 901 x 5 coins 326 x 1 coins 127 x 25 coins 110 x 10 coins 134x.05 coins BNS # 23190453 NCB #87318934 CIBC # 9671204 NCB # 4590123 BNS # 3901282 RBTT #3214387 BNS 654712347 Her totals for the day were as follows: S Total receipts for the day Lunch vouchers Credit Card Total debit card sales Total cash received from sales Void slips Received from Debtor REFUND FROM Creditors ? 12,320 1556,250 147,250 295,850 16,000 6,000 3,500 $99,300.96 $141,168.65 $207,242.30 $137,132 23 $67,500.20 $ 64,241.32 $36,254.36 NB. The business only keeps $6500 cash on hand all other monies are banked at the end of the day. The cashier realized that at the end of the day when all the cash was batched as stated above the following loose cash and cheques were still in the cash till $1000, $100, $20, $50, $500, $100, $$1000, $500, $100, $500, BNS # 01050 $13,500, $50, $10, BNS Cheque #6024 $29,650, RBTT# 325416$ $11,318, $500 (30 marks) Required: a) Calculate all total indicated above with a question mark. b) Balance the terminal making special note of any discrepancies (overage/shortage) c) Prepare the cash summary sheet for the day. d) Prepare a breakdown of the closing cash float e) Prepare the Bank Lodgment

Answer rating: 100% (QA)

SOLUTION a Calculate all totals indicated above with a question mark Total receipts for the day Lunch vouchers Credit Card Total debit card sales Tota... View the full answer