Question

7 Peter Dalmini's cash book (bank column) had a debit balance of $515 on 30
April 2003. This did not agree with the bank statement of the same date,
which showed a balance of $290. The cash book was checked against the bank
statement and the following differences were found:
• Cheques totalling $620 issued to trade payables had not been presented to
the bank for payment.
• An amount of $950 paid into the bank did not appear on the bank
statement.
• Cash sales deposited into the bank amounting to $390 had been omitted
from the cash book.
• The bank had received $150 by credit transfer (bank giro) from Klerk for
Dlamini's account. Dlamini had not been advised.
• A cheque for $315 received from Joseph had been paid into the bank but it
had now been returned unpaid. No action has been taken by Dlamini.
• The following transaction by the bank had not been recorded in the cash
book: bank charges $120.
a Prepare an updated and balanced cash book.
[6]
b Prepare a correctly headed statement to reconcile the adjusted cash book
balance with the bank statement balance at 30 April 2003.

Answer 1

Answer:

21Peter Dlamini’s Cash Book (bank column) had a debit balance of $515 on 30 April 2003.This did not agree with the bank statement of the same date, which showed a balance of$290.The Cash Book was checked against the bank statement and the following differences werefound:1.Cheques totalling $620 issued to creditors had not been presented to the bank forpayment.2.An amount of $950 paid into the bank did not appear on the bank statement.3.Cash sales deposited into the bank amounting to $390 had been omitted from the CashBook.4.The bank had received $150 by credit transfer (bank giro) from Klerk for Dlamini’saccount. Dlamini had not been advised.5.A cheque for $315 received from Joseph had been paid into the bank but it had nowbeen returned unpaid. No action has been taken by Dlamini.6.The following transaction by the bank had not been recorded in the Cash Book:Bank charges $120REQUIRED:(a)Prepare an up-dated and balanced Cash Book

Explanation:

BRAINLEST PLZ