A cash book bank column only balance bd 19900 315000

(a)
Cash Book (bank column only)
$ $
Balance b/d (19,900 + 315,000  300,700)
34,200 Bank charges 80
Bank deposit interest 650
Star Ray Limited  dishonoured cheque
10,250
Kettler Limited 2,400 Balance c/d 26,920
37,250 37,250
(b)
Bank Reconciliation Statement as at March 2006
$
Adjusted balances as per cash book 26,920
Add Uncredited cheque 16,500
43,420
Less Lodgements not yet recorded by bank 6,630
Adjusted balances as per bank statement 36,790

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(c)
Journal
Details Dr Cr
$ $
(v) Salaries (Profit and loss) 500
Suspense 500
(vi) Purchases (Trading) 2,000
Creditors 2,000
(vii) Jane Limited ($870  $780) 90
Returns inwards (Trading) 90
(viii) Prepaid electricity 1,240
Electricity (Profit and loss) 1,240
(ix) Discount allowed (Profit and loss) 450
Suspense 8,550
Mr Wu 9,000
(x) Bank loan 200,000
6% debentures 200,000
Debenture interest (Profit and loss) 1,000
Interest payable (200,000 x 6% x 1/12) 1,000
(d)
Statement of adjusted profit for the year ended 31 March 2006
$ $
Net profit per draft accounts 80,260
Add Bank deposit interest not recorded 650
Electricity prepaid 1,240
Returns inwards overstated 90 1,980
82,240
Less Bank charges not recorded 80
Salaries undercast 500
Purchases omitted 2,000
Discount allowed not recorded 450
Debenture interest accrued 1,000 4,030
Adjusted net profit 78,210