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Please answer all the following questions as appear in the pictures, below: 1- Cash Receipts and Cash Payments 2- Bank Ledger Account July 3- Bank Reconciliation Statement Thanks!

Please answer all the following questions as appear in the pictures, below: 1- Cash Receipts and Cash Payments 2- Bank Ledger Account July 3- Bank Reconciliation Statement Thanks!

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 2SEQ
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Please answer all the following questions as appear in the pictures, below:

1- Cash Receipts and Cash Payments

2- Bank Ledger Account July

3- Bank Reconciliation Statement

Thanks!

Here is the following information given for Amazon Traders account. The reconciliation on June 30 showed that the Bank Ledger Account had a credit balance (overdraft/owing) of $3,182.90. The Bank Statement had reconciled to the Bank Ledger Account after allowing for: An outstanding deposit $733.10 and ● • Unpresented cheque #324856 for $934.02 July Cash Receipt and Payments: Extract Cash Receipts Book of Amazon Traders 02/07 07/07 11/07 11/07 12/07 21/07 30/07 BMS Bank Statement for the month of July Date Particulars Brought forward 01/07 Cheque #324875 The BMS Bank Bank Statement for Amazon Traders Debit Credit Cash/cheques deposit 02/07 Cash/cheques deposit 05/07 Cheque #324856 07/07 Cash/cheques deposit 11/07 Cash/cheques deposit 12/07 Cheque #324877 Cash/cheques deposit $ 1,446.52 01/07 3,486.72 04/0 1,538.90 08/07 436.84 12/07 2,360.20 15/07 1,039.30 20/07 846.76 28/07 15/07 Cheque book fee 17/07 Cheque #324879 18/07 Cash/cheques deposit 21/07 Cheque #324878 24/07 L. Mami cheque dishonour Dishonour fee 25/07 Cheque # 324876 26/07 Cash/cheques deposit 31/07| Cheque #324880 $ 1,526.16 934.02 2,404.38 50.00 1,296.98 Extract Cash Payments Book of Amazon Traders 1,702.86 551.56 15.00 905.70 561.40 $ 733.10 1,446.52 3,486.72 1,538.90 #324875 #324876 #324877 #324878 #324879 #324880 #324881 436.84 2,360.20 1,039.30 Balance $ 2,981.98 Dr 4,508.14 Dr 3,775.04 Dr 2,328.52 Dr 3,262.54 Dr 224.18 Cr 1,763.08 Cr 641.30 Dr 204.46 Dr 254.46 Dr 1,551.44 Dr 808.76 Cr 894.10 Dr 1,445.66 Dr 1,460.66 Dr 2,366.36 Dr 1,327.06 Dr 1,888.46 Dr $1,526.16 905.70 2,404.38 1,702.86 1,296.98 561.40 1,958.30
Transcribed Image Text:Here is the following information given for Amazon Traders account. The reconciliation on June 30 showed that the Bank Ledger Account had a credit balance (overdraft/owing) of $3,182.90. The Bank Statement had reconciled to the Bank Ledger Account after allowing for: An outstanding deposit $733.10 and ● • Unpresented cheque #324856 for $934.02 July Cash Receipt and Payments: Extract Cash Receipts Book of Amazon Traders 02/07 07/07 11/07 11/07 12/07 21/07 30/07 BMS Bank Statement for the month of July Date Particulars Brought forward 01/07 Cheque #324875 The BMS Bank Bank Statement for Amazon Traders Debit Credit Cash/cheques deposit 02/07 Cash/cheques deposit 05/07 Cheque #324856 07/07 Cash/cheques deposit 11/07 Cash/cheques deposit 12/07 Cheque #324877 Cash/cheques deposit $ 1,446.52 01/07 3,486.72 04/0 1,538.90 08/07 436.84 12/07 2,360.20 15/07 1,039.30 20/07 846.76 28/07 15/07 Cheque book fee 17/07 Cheque #324879 18/07 Cash/cheques deposit 21/07 Cheque #324878 24/07 L. Mami cheque dishonour Dishonour fee 25/07 Cheque # 324876 26/07 Cash/cheques deposit 31/07| Cheque #324880 $ 1,526.16 934.02 2,404.38 50.00 1,296.98 Extract Cash Payments Book of Amazon Traders 1,702.86 551.56 15.00 905.70 561.40 $ 733.10 1,446.52 3,486.72 1,538.90 #324875 #324876 #324877 #324878 #324879 #324880 #324881 436.84 2,360.20 1,039.30 Balance $ 2,981.98 Dr 4,508.14 Dr 3,775.04 Dr 2,328.52 Dr 3,262.54 Dr 224.18 Cr 1,763.08 Cr 641.30 Dr 204.46 Dr 254.46 Dr 1,551.44 Dr 808.76 Cr 894.10 Dr 1,445.66 Dr 1,460.66 Dr 2,366.36 Dr 1,327.06 Dr 1,888.46 Dr $1,526.16 905.70 2,404.38 1,702.86 1,296.98 561.40 1,958.30
Cash Receipts Cash Payments Date Details Amount $ Date Details Amount $ Total Bank Ledger Account July — (you must specify if Balance is DR or CR) Bank 100 Date Details 1/7 Balance b/d 31/7 31/7 Receipts Payments Total Answer: Debit Write the Bank Balance amount: $ Task 4 Prepare Bank reconciliation statement. Bank Reconciliation Statement as of July 31 Debit balance as per Bank Statement Add: Unpresented Cheques Sub-total Less: Outstanding Deposits Credit Credit Balance per the Bank Ledger Account Balance Cheque No.
Transcribed Image Text:Cash Receipts Cash Payments Date Details Amount $ Date Details Amount $ Total Bank Ledger Account July — (you must specify if Balance is DR or CR) Bank 100 Date Details 1/7 Balance b/d 31/7 31/7 Receipts Payments Total Answer: Debit Write the Bank Balance amount: $ Task 4 Prepare Bank reconciliation statement. Bank Reconciliation Statement as of July 31 Debit balance as per Bank Statement Add: Unpresented Cheques Sub-total Less: Outstanding Deposits Credit Credit Balance per the Bank Ledger Account Balance Cheque No.
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