The cash account of endure bhd showed a balance of

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The cash account of Endure Bhd showed a balance of RM79,397 on 30 April 2016. The bank statement on that date showed the balance as at 30 April 2016 was RM83,000. Upon comparing the statement with the cash records, the following facts were determined. 1. A bank memo stated that a note for RM24,000 and interest RM720 had been collected on 29 April 2016 and the bank had made a charge of RM110 on the collection. No entry had been made on Endure Bhd books when the note was sent to the bank for collection. 2. Cheque outstanding on 30 April 2016 totalled RM42,721. 3. Receipts for 30 April 2016 for RM67,800 were not deposited until 2 May. 4. Cheque no.313 in the amount of RM9,820 had been entered in the cash journal as RM8,380, and cheque no.331 in the amount of RM1,164 had been entered as RM11,640. Both cheques had been issued to pay for purchases of equipment.
5. There were bank service charges for April 2016 of RM500. 6. A customer’s cheque for RM1,800 had been entered as RM1,200 in the cash receipts journal by Endure Bhd on 15 April 2016. 7. The bank had charged the Endure Bhd’s account for a customer’s uncollectible cheque amounting to RM5,064 on 29 April 2016. REQUIRED: Prepare the bank reconciliation for Endure Bhd as at 30 April 2016.
QUESTION 3 Keladi Berhad’s statement of comprehensive income for the year ended 31 December 2014 contained the following information: RM RM Revenue from fees 840,000 Operating expenses (excluding depreciation) 624,000 Depreciation expense 60,000 Loss on sale of equipment 26,000 (710,000) Income before income taxes 130,000 Income tax expense (40,000)
Net income 90,000 Keladi Berhad’s’s statement of financial position contained the following comparative date at 31 December: 2014 2013 RM RM Accounts receivable 37,000 59,000 Accounts payable (pertaining to operating expenses) 46,000 31,000 Income taxes payable 4,000 8,500 REQUIRED: Prepare the operating activities section of the statement of cash flows using the direct method.

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