Question 3 John Carter’s Cash Book (Bank columns only) for the month of August 2020 was as follows: $ $ August 1 Balance b/d 4 000 August 5 Wages 600 8 Cash deposit 600 10 Stationery 300 14 Ann Palmer 500 17 Watson Pastry 800 20 Roy Blake 1 520 23 Della Ltd 400 26 Sara Gray 1 840 29 Green Supply 1 680 31 Balance c/d 4 680 8 460 8 460 The following Bank Statement was received in early September 2020 Payments Receipts Balance 2020 $ $ $ August 1 Balance b/d 4 000 5 Standing order 30 3 970 9 Wages 600 3 370 15 Stationery 300 3 070 16 Cash deposit 600 3 670 18 Ann Palmer 500 4 170 19 Karen Jackson 570 4 740 20 Dishonoured cheque 380 4 360 21 Bank charges 60 4 300 24 Direct transfer: A. Dole 200 4 500 30 Watson Pastry 800 3 700 Required:a. Bring the cash book up–to-date, starting with the balance at 31 August 2020. b. Prepare a statement using its correct title to reconcile the difference between your amended Cash Book balance and the balance in the Bank Statement on August 31, 2020. Explain the following terms: i. Dishonoured cheques ii. Credit transfer iii. Standing order iv. Un-presented cheques v. Late lodgements

Question 3 John Carter’s Cash Book (Bank columns only) for the month of August 2020 was as follows: $ $ August 1 Balance b/d 4 000 August 5 Wages 600 8 Cash deposit 600 10 Stationery 300 14 Ann Palmer...

Question 3

John Carter’s Cash Book (Bank columns only) for the month of August 2020 was

as follows:
			$				$
August 1	Balance b/d	4 000	August 5	Wages	600
8	Cash deposit	600		10	Stationery	300
14	Ann Palmer	500		17	Watson Pastry	800
20	Roy Blake	1 520		23	Della Ltd	400
26	Sara Gray	1 840		29	Green Supply	1 680
					31	Balance c/d	4 680
			8 460				8 460
The following Bank Statement was received in early September 2020
			Payments	Receipts	Balance
2020				$		$	$
August 1	Balance b/d					4 000
5	Standing order		30			3 970
9	Wages		600			3 370
15	Stationery		300			3 070
16	Cash deposit				600	3 670
18	Ann Palmer				500	4 170
19	Karen Jackson				570	4 740
20	Dishonoured cheque		380			4 360
21	Bank charges		60			4 300
24	Direct transfer: A. Dole			200	4 500
30	Watson Pastry		800			3 700

Required:

a. Bring the cash book up–to-date, starting with the balance at 31 August 2020.

b. Prepare a statement
using its correct title
to reconcile the difference between your amended Cash Book balance and the balance in the Bank Statement on August 31, 2020.

Explain the following terms:

i.	Dishonoured cheques
ii.	Credit transfer
iii.	Standing order
iv.	Un-presented cheques
v.	Late lodgements

Jun 10, 2022

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Question 3 John Carter’s Cash Book (Bank columns only) for the month of August 2020 was as follows: $ $ August 1 Balance b/d 4 000 August 5 Wages 600 8 Cash deposit 600 10 Stationery 300 14 Ann Palmer...

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