2019 March 1) Q.2. Prepare two columns Cash Book of Guru Dakshina Brothers. (Narrations not received) Cash balance Rs.13,000 and Bank overdraft Rs.18,000. 10 2) Received from Neha cash Rs.1,700 and bearer cheque Rs.500. 7) Paid to Dhanraj Rs.6,000 by cheque. 8) Cash Sales Rs.6,545 and Discount allowed Rs.55 10) Cheque received on 2nd March 2019 deposited into Bank. 12) 13) Deposited into Bank Rs.5,000 Goods purchased from Prachi on credit Rs.5,000 15) Cheque received from Neha received dishonoured. 20) Purchased goods from Sweety Rs.5,000 at 7% T.D. and paid half the amount immediately 22) Bank paid insurance premium Rs.1,000 and collected interest on investment Rs.1,650 24) Cheque issued to Dhanraj was Dishonoured. 26) Gupta Stores directly deposited into our Bank A/c. Rs.7,500. 30) Deposited Cash in excess of Rs.3,920 in to Bank.

2019 March 1) Q.2. Prepare two columns Cash Book of Guru Dakshina Brothers. (Narrations not received) Cash balance Rs.13,000 and Bank overdraft Rs.18,000. 10 2) Received from Neha cash Rs.1,700 and bearer cheque Rs.500. 7) Paid to Dhanraj Rs.6,000 by cheque. 8) Cash Sales Rs.6,545 and Discount allowed Rs.55 10) Cheque received on 2nd March 2019 deposited into Bank. 12) 13) Deposited into Bank Rs.5,000 Goods purchased from Prachi on credit Rs.5,000 15) Cheque received from Neha received dishonoured. 20) Purchased goods from Sweety Rs.5,000 at 7% T.D. and paid half the amount immediately 22) Bank paid insurance premium Rs.1,000 and collected interest on investment Rs.1,650 24) Cheque issued to Dhanraj was Dishonoured. 26) Gupta Stores directly deposited into our Bank A/c. Rs.7,500. 30) Deposited Cash in excess of Rs.3,920 in to Bank.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 23CE: Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019,...

See similar textbooks

Similar questions

The following information is made available while checking the cash accounts of AeronCompany on December 31, 2019:Balance per book 7,100,000Balance in checking account 7,000,000Deposit in transit 1,200,000Outstanding checks 1,500,000Deposit in other bank closed by BSP 1,500,000Currency and coins on hand 600,000Petty cash fund 50,000DAIF checks of customers returned by bank 500,000Error in recording a check in the book. The correct amount as paid bythe bank is P100,000 instead of P200,000 as recorded in the book 100,000The correct cash balance under current assets on December 31, 2019 is_______
Write up a three-column Cash Book for Kevin Davis for the month of 2020 August from the following transactions: August1 Balances brought down Bank Overdraft $15 000 and Cash $14 200.2 Bought printing and postage materials $1 500 by cash3 Sold goods $13 500 by cheques.4 Received Rates $3 500 in cash.5 Paid the following their accounts by cheque receiving a 5% discount: K. Allen $4 000, S. Chin $6 000 G Owen $5 500.8 The following paid us their account by cheque, being allowed a 5% discount S Brown $6 000, U Bell $3 500 and A Paul $4 500.10 Bought Furniture $5 600 by cheque15 Paid for Insurance $2 900 by cash18 Sold goods $8 000 by cash23 Received commission $6 500 by cheque27 Paid salaries $10 000 by chequeB. Post the relevant discount accounts in the General Ledger.
Jessie has a cash account per general ledger that shows a balance of $78,659 atOctober 31, 2021. Bank statement from Ocean Paradise Bank on that dateshows the following date shows the following balance. 31 October Amount $88,080 Comparison of checking account details with cash account details reveals factsas follows.1. A note receivable of $13,070 was invoiced by the bank for Jessie on the 14thOctober plus $713 interest and the bank has charged $137 on the billing. No interest has been recognized on these notes.2. Check No. 175 the amount of $5,741 was entered in the cash journal as $5,471and Check No. 189 of $2,040 was entered in the cash journal as$2,400. Both checks have been issued to pay for the purchase of supplies.3. The bank has charged Jessie account. for customer unbilled checks amounting to $789 on October 23. 4. Deposit in progress is $7,388 and outstanding check no. 123 on October 28totaling $5,309.5. There was a canceled check issued by Kenny to Leo for $2,079 that was…
Prepare Two Columns Cash Book from the following transactions for the year 31 December 2019. (a)Cash in hand Rs. 18,000(b)Received from Ali and Co. Rs 1,500Discount allowed Rs. 60(c) Cash sales Rs.30,000(d)Paid Rashid sons Rs 1,500Discount received Rs. 40(e) Purchased goods for cash Rs. 900(f) Received from Aslam Rs. 7,500 and Discount allowed Rs.40(g)Purchased Furniture for cash Rs. 900
B. The cash accounts of Ria on December 31,2021 has balance of P151,000 and it consist of the following: Bills and coins on hand P52,780 22,400 6,500 Traveler's check Credit memo from supplier's for purchase returns Postage stamp Petty cash including paid cash vouchers of P1,650 Balance in Savings Account wit a bank closed by BSP Customer's check dated January 15,2022 Money order IOU of an employee Checking Account Balance in Bank of Philippines Island Total 120 2000 36,000 8,000 800 400 22,000 P151,000 The correct cash and cash equivalents balance on December 31,2021 is c. P97,530 a. P98,900 b. P98,730 d. P98,330 C. The statement of financial position of company presents the following financial assets at December 31,2021: Bank cheque account=P58,400 Bank Savings account (collectable immediately) = P23,440. Cash=P10,000 Common stocks on Entity Z, one of the most traded assets in Country A,s stock exchange, purchased by the airline to speculate =P2,715. • Oil price derivative entered…
B. The cash accounts of Ria on December 31,2021 has balance of P151,000 and it consist of the following: Bills and coins on hand P52,780 22,400 6,500 Traveler's check Credit memo from supplier's for purchase returns Postage stamp Petty cash including paid cash vouchers of P1,650 Balance in Savings Account wit a bank closed by BSP Customer's check dated January 15,2022 Money order IOU of an employee Checking Account Balance in Bank of Philippines Island Total 120 2000 36,000 8,000 800 400 22,000 P151,000 The correct cash and cash equivalents balance on December 31,2021 is a. P98,900 b. P98,730 c. P97,530 d. P98,330
Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019, and $26,850 at December 31, 2019. Net income for 2019 was $125,300 and sales revenue was $1,240,000. Required: Compute the amount of cash collected from customers using the direct method.
On 1 September 2018, Desa Utara established a petty cash fund of RM900. At the end of the month the petty cash fund appeared as follows: Cash RM70.00 Petty cash vouchers Freight-in RM525.00 190.00 Postage Office Supplies 85.00 REQUIRED: (a) Compute the amount of fund to be replenished.
On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the fund. Apr. 3 b. On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00, and $9.75 the ending cash balance. Journalize the replenishment of the fund. Round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Apr. 11 c. On April 12, Snappy Sales decides to increase petty cash to $175. Journalize this transaction. Apr. 12
The cash receipts and cash payments of Detuya Company for April 2020 follow: CASH RECEIPTS Cash Debit P 208,700 20,350 27,950 109,350 92,700 53,000 16,850 CASH PAYMENTS Check No. 4113 Cash Credit P 44,550 7,350 96,500 33,200 73,600 Date Apr. 2 8 4114 10 4115 16 4116 22 4117 29 4118 50,000 31,600 83,750 5,000 120,650 30 4119 4120 4121 4122 Detuya Company received the following bank statement on April 30, 2020: BANK STATEMENT April 2020 P 95,550 Beginning balance Add: Deposits and other credits: Apr. 1 P 16,300 Electronic fund transfer 208,700 20,350 27,950 109,350 68,400 Bank collection 9 12 17 22 23 92,700 543,750 Less: Checks and other debits: P 44,550 69,500 45,150 Unauthorized signature 7,350 33,200 10,950 Electronic fund transfer 73,600 Apr. 7 13 14 15 18 21 26 30 50,000 30 1,000 Service charge 335,300 P 304,000 Ending balance
15. From the following information prepare Single Column Cash Book. 2020 June 1 Cash: Opening balance ? 8,00,000 3 June Purchased goods ? 30,000 (GST @ 12%) 4 June Sold goods to Manohar ? 70,000 (GST @ 12%) 6 June Purchase of Machinery ? 29,500 8 June Sold goods for Cash 22,700 9 June Purchased from Johny ? 83,750 10 June Deposited in to Bank ? 92,000 12 June Cheque issued to Johny ? 90,000 15 June Advertisement paid by cheque ? 1,00,000 16 June Cash taken for personal use ? 8,250 18 June Sold to Jyothi ? 79,000 20 June Direct payment by Jyothi in to bank ĕ 30,000 22 June Cash received from Jyothi ? 49,000 25 June Cash withdrawn from bank ? 39,250 29 June Cash taken from bank for personal use ? 22,500 30 June Commission received ? 12,000
EX.08.160.ALGO The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Journalize the transactions for each of the two days of cash receipts from sales. a. Actual cash in cash register, $5,086 cash receipts per cash register tally, $5,087.b. Actual cash in cash register, $5,896 cash receipts per cash register tally, $5,770. If an amount box does not require an entry, leave it blank. a. fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6 fill in the blank 8 fill in the blank 9 b. fill in the blank 11 fill in the blank 12 fill in the blank 14 fill in the blank 15 fill in the blank 17 fill in the blank 18