Write up general journal entries to record the following transactions for the records of Brinjal Sdn. Bhd: 2020 July 1 Started business with RM150,000 in the bank.
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- 1 Find the new balance, assuming that the bank charges 2-% per month on the unpaid balance. 2 Previous New Balance Payment Purchases $592.88 $81.26 A. $575.61 B. $572.61 C. $576.51 O D. $574.41 $50.002. Study the account summary of the following credit card bank statement: Account numbers 3642 0243. Debits Account summary Gredits Balance brought forward R 2 000,80 Payments and credits Purchases and debits R 1 380,50 Interest charged R 22,51 Transaction fees 8,90 Closing balance 2.1 Determine the 'payments and credits' value, if the client paid 25% of the closing balance of the previous month's statement. 2.2 Calculate the closing balance. Refer to the transaction fee structure on p. 96 for Question 3, 4 and 5. 3. 3.1 A client wants to deposit R350 into his account. 3.1.1 How much will it cost the client to deposit the cash at the bank's own ATM if this is his first deposit of the month? 3.1.2 How much will it cost the client to deposit the cash inside the branch if this is his sixth deposit this month? 3.1.3 How much will it cost the client to deposit a cheque of R350 at the bank's own ATM if this is his first deposit of the month? 3.1.4 How much will it cost the client to deposít…Questions: The following is a summary of Jane’s bank account for the year ended 31 December 2021: $ $ Balance 1.January .2002 4,100 Payments to creditors for goods 67,360 Receipts from debtors 91,190 Rent 3,950 Balance 31Dec.2002 6,300 Insurance 1,470 Sundry expenses 610 Drawings 28,200 101,590 101,590 All of the…
- Date Particulars Jan 1, 2020 Abdul commenced his business with Cash = OMR 35000 2 He deposited into bank current account = OMR. 20000 He sold goods to Hakkim on credit = OMR 1000 He paid Said by Cheque = OMR 1980 and receive discount = OMR 20 for 4 5 the goods purchased on credit He receive cheque from Hakkim 6 OMR 970 and allow him discount OMR 30 7 He makes sales for cash = OMR. 2800 Hakkim cheque deposited in to the bank = OMR 970 11 He purchased a motor car by cheque = OMR 7500 12 He purchased goods by cash = OMR. 2500 13 He withdraws from bank for office use = OMR. 750 Commission received = OMR 100 |Purchased furniture by Cheque for OMR 450 16 18 20 Withdraw from bank for personal use OMR 600 27 Sold goods to Mr. Haji for OMR 400 28 Received cheque from Mr Haji for OMR 375 in full settlement and deposited in to bank 30 Motor car repair expenses OMR 120 Required: Prepare triple column cash book with Discount, Cash and Bank ColumnMAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWINGTRANSACTIONS: 7) Customer transferred 85 .000 TL to the Bank, to close the openaccount 8 ) Customer ordered to purchase 270.000 TL + %10 VAT Merchandise .Customer issued 95.000 advance check for the order . 9) Land is Purchased for 2.850.000 TL + %10 VAT from X Company andBank transfer is made to X company. Real Estate Service Invoice is 80.000 + %10VAT.Half check is issued and balance is on account. Property tax is 70.000 TL ,paid cash.2020 Jan 01 Balance brought forward from last month: Cash OMR 10000; Bank OMR 20000. 30 We returned goods to Mr. Zahir OMR 500. 09 Withdrew OMR 5000 from the bank for business use. 11 Paid insurance by cheque OMR 1000. 29 Goods returned to us by Mr. Fatima OMR 500. 12 Zara lent us OMR 2000 in cash. 13 Cash sales paid directly in to the bank OMR 1000. 2 Credit purchase from Mr. Zahir OMR 8000. 5 Credit purchase from Mr. Saalim OMR 2000 7 Credit sales to Mr. Waleed OMR 500 15 Vahab paid us by cheque OMR 500. 21 Cash sales OMR 500. 30 Withdrew OMR 500 from the bank for personal use. 1 Credit sales to Ms. Fatima OMR 5000. 25 Mr. Waleed returned goods to us OMR 1000. 27 We returned goods to Mr. Saalim OMR 1000…
- Suraya Enterprise has a current Bank Kasih Berhad account with Bank Kasih Berhad. Below Bank Statement are the transactions of cash book and Date Details Debit Credit Balance 2021 RM RM RM April bank statement for the month of April Opening balance Cheque - 123123 Deposit Cheque-123125 Cheque-123126 4.550 2021: 850 7,700 2,500 10,200 10 450 9,750 16 500 9,250 Cash Bouk (Bank Column Only) 18 Credit transfer 300 550 Particular Cheque No. Date RM Date Particular Cheque No. RM 9.250 8350 20 Cheque-123127 300 2021 2021 25 Cheque-123128 900 April 1 Balance b/d 3 Hake Trading 8,550 April 2 Prchases 6 Izzat Trading 123123 850 28 Bark charges 80 4.20 2,500 30 Closing balance 123124 500 8,270 12 Joyne 556679 1,660 10 Mamat 123125 450 15 Suhaimi 123126 500 18 Purchases 123127 300 25 Rental 28 Salary 18 Sales 799 123128 960 Additonal Informaton: 123129 2,200 29 Zulaika 1 On 15 April 2021, the accourtant derk wrongly recorded the cheque no. 123126 paid 123130 110 30 Balance c/d 8,639 to Suhaimi for…Question 28 On July 31, 2028, Massive Ltd. had a cash balance of $6,793 in its general ledger. The bank statement from the Bank of Auditing on that date showed a balance of $6,578. A comparison of the bank statement with the Cash account revealed the following: a. Cash receipts for July 31 recorded on the company's books were $3,500, but this amount does not appear on the bank statement. b. A cheque of $5,100 made by another company was incorrectly deducted to Massive's account by the Bank of Auditing. c. The bank statement included service charges and debit and credit card processing fees of $65. d. Cheques outstanding on June 30 totaled $6,200. Of these, $4,600 worth cleared the bank in July. All cheques written in July cleared the bank in July. e. The bank statement included electronic collections from customers on account totaling $8,800. Massive had not recorded the EFT. f. Salaries of $4,800 were paid electronically during the month. The company has already recorded these. g. An…9. What double entry is required to close off the following bank account at the end of the accounting period? BANK GHC 300 Purchases 200 Wages and Salaries 38,200 Drawings GHC Opening balance b/f Sales Receivables 12,000 18,500 1,000 300 Debit Side Closing balance c/f GHC6,900. Opening balance b/f GHC6,900 Closing balance c/f GHC7,200. Opening balance b/f GHC7,200. Credit Side Opening balance b/f GHC6,900 Closing balance c/f GHC6,900 Opening balance b/f GHC7,200 Closing balance c/f GHC7,200 A. C. D.
- Problem 17: Use the following information for the next five questions: Sky Blue Corporation's bank account for May and June of 2021, were as follows: May data are as follows: Balance per bank, May 31 Balance per books, May 31 Deposits in transit Checks outstanding Bank service charge 10,500 11,864 1,500 150 14 June data are as follows: Bank Books Receipts Deposits recorded Deposits received Collection by bank (P2,000 noteplus interest) Disbursements Checks issued and recorded Checks paid Service charges recorded Check payment for utilities erroneously charge by the bank against the account of Royal Blue Company on June 30 9,000 8,100 2,100 11,800 11,500 12 14 50 47. How much is the correct disbursements for the month of June? 48. How much is the correct receipts for the month of June? 49. How much is the correct cash balance for the month of June? 50. How much is the correct cash balance for the month of May? 51. How much is cash shortage/ (overage)? 52. Prepare adjusting entries, if…5 A. Savonn Enterprise is a small retail business located in Alor Setar, Kedah. Thefollowings are information on bank transactions of Savonn Enterprise as at 31 January2022:i. Amount of cash as shown on the bank statement and book respectively areRM33,815 and RM33,044.ii. The bank collected RM550 on a note receivable for Savonn Enterprise. Thebank charged a collection fee of RM10 which was credited to SavonnEnterprise’s account.iii. A deposit of RM2,850, representing cash receipts by Savonn Enterprise on 31January, did not appear on the bank statement.iv.v.An Non-Sufficient Fund (NSF) cheque for RM180 from a customer, MrGebang Kencang, was returned with the bank statement.Also returned with the bank statement is a cheque amounted RM650 from MrKuwat Klentong for having different authorised signature on the cheque.vi. The bank paid correctly an amount of RM3,680 for cheque No 2808 which wasrecorded in a book as RM3,860.vii. Outstanding cheque include cheques No. 1001 and No. 1002, with…QUESTION 1 You are provided with information relating to Umdoni Stores. The following information appeared in the Bank Reconciliation Statement of Umdoni Stores on 30 September 20.19: Balance per bank statement R5 000 Debit 1. The Cash Book showed a credit balance of R5 956 while the bank statement reflected a favourable balance of R4 794 on Balance per Cash Book R6 500 credit 31 October 20.19. Outstanding deposit dated 30 September 20.19 R20 500 On comparing the September bank Reconciliation statement, the October bank statement and the Cash Book for October, the following was noted: To reconcile the balance of the Cashbook with the balance of the Bank statement on 31 October, the Credit balance of R5 965 will be shown as follows: Credit side of Bank account as R5 956 Will not be shown in the Bank account or Bank reconciliation Debit side of Bank account as R5 956 Debit column of Bank reconciliation as R5 956 Credit column of Bank Reconciliation as R5 956