Made to establish the petty cash fund on 1 july show

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Unformatted text preview: te the transactions of the fund. A. B. and C. Cash Payments Journal Account A. Petty Cash B. Cheque Post No. Ref. Accounts Payable GST Outlays Payable Other Discount Received 432 300.00 Stationery Expense Cash at Bank 5.00 Office Supplies Exp. Accounts Receivable ‐ Refund Sundry Expenses 883 C. Petty Cash 90.00 50.00 9.00 300.00 4.00 40.00 5.00 50.00 23.00 230.00 894 100.00 253.00 100.00 3 D. DAVID AND IRENE, INSURANCE AGENTS Petty Cash Book Date Particulars Vch No. July 1 Cheque 432 7 Office Supplies Receipts Payments Stationery Expense Office Supplies Account Receivable Sundry Expenses GST Outlays 300.00 214 99.00 90.00 9.00 13 Stationery 215 55.00 50.00 5.00 20 Newspapers 216 33.00 30.00 3.00 23 Customer refund 217 44.00 40.00 4.00 28 Taxi fare 218 22.00 20.00 2.00 253.00 50.00 90.00 40.00 50.00 23.00 47.00 300.00 300.00 47.00 31 Balance c/d Aug 1 Balance b/d Reimbursement Chq. 883 253.00 1 Increase to fund Chq. 894 100.00 4 Problem 10.9 Bank Reconciliation J. STOJANOVIC & SON Required: A. Complete the cash journals, amending or adding thereto as necessary, and post the cash at bank totals to the Cash at Bank account. B. Prepare the Cash at Bank account showing the final balance at 30 June 2010. C. Prepare the Bank Reconciliation Statement as at 30 June 2010 A. Cash Receipts Journal Date Account Cash at Bank 201 0 Jun 2 R Wike 121.66 5 Sales 270.36 Langer Ltd 9 C Nunn 341.55 12 Sales 149.82 66.00 J Byron 93.55 S Banks 187.78 16 Sales 122.26 22 R Ricketts 27 Cowra Cannery Ltd Sales R Wike Langer Ltd 28 R Ricketts ‐ dishon cheque 27.50 308.00 84.89 154.00 53.40 (27.50) 5 29 Sales 224.83 30 Sales 241.34 $2 419.44 6 Cash Payments Journal Date Account Chq no. Credits Cash at Bank 2006 Jun 2 Stationery 1010 35.75 3 Royal Ltd 1011 328.13 5 Advertising 1012 28.05 6 J Brown Ltd 1013 54.10 Wages and Salaries 1014 302.50 Petty Cash 1015 27.50 9 Riley and Sons 1016 123.36 11 Vehicle expenses 1017 36.08 Wages and salaries 1018 302.50 13 Travel ‐ sales staff 1019 16.50 16 Sales commission 1020 33.82 17 Royal Ltd 1021 105.51 18 Wages and Salaries 1022 302.50 20 Electricity expense 1023 118.59 25 Wages and salaries 1024 297.00 26 R Banco 1025 42.15 Austral Motors 1026 46.86 Donation ‐ Red Cross 1027 11.00 28 30 1028 85.14 Riley and Sons Freight inwards 1029 24.25 P Minecello 1030 90.82 7 2412.11 30 Error in cheque 1024 5.50 A/c and Transaction Fees 22.50 $2 440.11 B. Cash at Bank 2010 June 1 Balance 2010 413.49 June 30 CPJ June 30 CRJ 2 419.44 June 30 Balance c/d 2 832.93 July 1 Balance b/d 392.82 2 440.11 392.82 2 832.93 C. J. STOJANOVIC & SON Bank Reconciliation Statement as at 30 June 2010 Balance as per bank statement Cr Add: Outstanding deposits $362.69 241.34 604.03 Less: Unpresented cheques 1027 $11.00 1028 85.14 1029 24.25 1030 90.82 Balance as per cash at bank Dr 211.21 $392.82 8...
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This document was uploaded on 09/30/2013.

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