Cash Receipts Journal Date Particulars Rec # Details Bank 6-Jun J Gerrand 82 1,602 1,602 14-Jun Sales 83 364 864 15-Jun J Webster 84 396 Sales 85 1,...
View the step-by-step solution to:

Question

WechatIMG189.jpeg

alt="WechatIMG188.jpeg" />

How to complete cash receipts given bank statement and bank reconciliation ?

WechatIMG188.jpeg

Cash Receipts Journal
Date
Particulars
Rec #
Details
Bank
6-Jun J Gerrand
82
1,602
1,602
14-Jun Sales
83
364
864
15-Jun J Webster
84
396
Sales
85
1, 188
1,584
Progress Total
4,050
Cash Payments Journal
Date
Particulars
Cha #
Bank
13-Jun Wages
290
180
Council Rates
29
90
15-Jun F Crowe
292
558
Progress Total
828
General Ledger
Date
Details
$
Date
Details
$
Note: Assume that all cash journal entries to 15 June are correct.
Required:
(a) Complete and post both cash receipt and cash payment journals above.
(b) Prepare the bank ledger account above to show how it would appear after cash
journals have been posted on 15 June.
(c) Prepare a Bank Reconciliation Statement at 15 June 2019.

WechatIMG189.jpeg

(a) Prepare the Cash at Bank ledger account showing the final balance at 30 June 2019.
(b) Prepare the bank reconciliation as at 30 June 2019.
5. Brash Limited prepares a bank reconciliation twice a month. The following information
relates to the fortnight ending 15 June 2019.
Brash Ltd. Bank Reconciliation Statement as at 31 May 2019
Balance as per Bank Statement
Add: deposit not credited
2,918 CR
600
3, 518
Less: Unpresented cheques/debits
Cha No.
287
8,000
Cha No.
288
800
8,800
Balance as per Bank Ledger account (CR)
5,282
Stellar Bank: Bank Statement: Account: Brash Ltd. 15 June 2019
Date
Particulars
Debits
Credits
Balance
DR/CR
1-Jun
Balance
2,918
CR
Ch287
8,000
5,082
DR
Deposit
600
4,482
DR
6-Jun
Deposit
1,602
2,880
DR
Bank fees
54
2,934
DR
14-Jun
Ch290
180
3, 114
DR
Deposit
846
2,268
DR
15-Jun
Ch291
90
2,358
DR
Chq returned: Dishon'd
1,602
3,960
DR
Interest
360
3,600
DR
17

Top Answer

View the full answer
General ledger.jpg

Accounting 1- Answers - Microsoft Excel
File
Home Insert Page Layout Formulas Data Review View
Cut
Copy
Calibri
. 11 AN= Wrap Text
General
Paste
AutoSum * ATA
Format Painter
BLUB Q A . BE Merge...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question