You have been retained by Efficient Conveyancing to prepare some of their trust accounts for a series of transactions.

You are to prepare the following trust accounts: 1. Trust account cheque and cheque butt for the transaction dated 14/01/2022 2. Trust account receipt for the transaction dated 07/01/2022 3. Trust Account Cash Receipts Book 4. Trust Account Cash Payments Book 5. Trust ledger card for the Estate of White 6. Controlled Money Movement Record for Penny Warren 7. Trust account Cash Book Summary and Bank Reconciliation for the month ending 31/03/2022

In preparing these accounts you will on occasions have to make assumptions or need to seek further instructions from your clients. Particulars of these assumptions, further instructions, or notes about failures in office procedures must be stated as footnotes to your accounts. Trust account receipts start at 000. Trust account cheques start at 1000 and are signed by C Roberts, the Efficient Conveyancing's office accountant. The responsible partner supervising your files is Belinda Scott.

The lowest balance in the trust account for the period 1 July 2021 to 30 June 2022 occurred on 7 July 2021 in the amount of $12000. The amount held in the statutory deposit on that day was $11 000. The relevant portion of the Efficient Trust Account Bank Statement is set out on the next page.

You are to assume that all cheques clear in three days unless a special clearance is sought in which case clearance will occur the next day. The firm policy is that for amounts in excess of $500 a special clearance will be sought.

Northpac Bank of Australia Reservoir Bank Statement Efficient Conveyancing Trust Account 2022 bal balance brought forward 50000.00 Jan 1 cash 5000.00 55000.00 cheque 10 000.00 65000.00 3 1000 5000.00 60000.00 4 1001 10000.00 50000.00 8 cheque 1900.00 51900.00 11 1002 150.00 51750.00 Mar 1 EFT 5300.00 57050.00 6 1004 700.00 56350.00 10 1006 600.00 55750.00 14 Fed Debits Tax 11.00 55739.00 15 Bank fees 22.00 55717.00 EFT 25000.00 80717.00 April 30 80717.00