P 8-12 Valix 2015 volume 1

P 8-12 Solution Magn Magnif ifce cen n Bank Rec May 3 Cas !alance pe" accounting "eco"# $##% &otes collecte# !y !ank P"ocee#s o' !ank loan on May 30  )otal  )otal *ess% &S+ Ceck Cost o' p"inte# cecks Bank se"ice ca"ge $#uste# cas !alance

810,000 5(0,000 ((,000 12,000 10,000

Cas !alance pe" !ank statement $##% .eposit in t"ansit /""oneous !ank #e!it  )otal  )otal *ess% utstan#ing cecks n#e"statement o' Ceck &o 108 $#uste# cas !alance

 !6

Cas in !ank 7nte"est epense &otes "eceia!le 7nte"est "eenue *oan paya!le

$ccounts Receia!le Miscellaneous epense

500,000 80,000 85,000 40,000

1,350,000 30,000

((,000 12,000

Se"ice ca"ge Cas in !ank

10,000

 

t Company nciliation , 2015 1,(14,000 1,380,000 3,044,000

44,0006 3,000,000

3,145,000 580,000 3,((5,000 ((5,0006 3,000,000

800,000 10,000 5(0,000

44,000