(iii) On 31 December 2015, Masiko Investments’ cash book (bank column) showed a debit balance of E2400; while the bank statement showed a credit balance of E908. When comparing his cash book with the bank statement, the following differences were discovered. Cheques of deposited on 30 August were not included in the bank statement. Credit transfer of rent E240 Bank charges of E82 were debited in the bank statement. A commission received E250 had been credited in the bank statement. The bank had charged interest of E120 for the borrowed by Masiko Investments. Cheques of E1400 issued to creditors had not been presented to the bank. E60 for ledger fees was debited in the bank statement. A standing order of E240 for insurance REQUIRED (i) Prepare Masiko Investments supplementary cash book. [9] (ii) Prepare a bank reconciliation statement. [6] [Total:22] _________________________________________
(iii) On 31 December 2015, Masiko Investments’ cash book (bank column) showed a debit balance of E2400; while the bank statement showed a credit balance of E908. When comparing his cash book with the bank statement, the following differences were discovered. Cheques of deposited on 30 August were not included in the bank statement. Credit transfer of rent E240 Bank charges of E82 were debited in the bank statement. A commission received E250 had been credited in the bank statement. The bank had charged interest of E120 for the borrowed by Masiko Investments. Cheques of E1400 issued to creditors had not been presented to the bank. E60 for ledger fees was debited in the bank statement. A standing order of E240 for insurance REQUIRED (i) Prepare Masiko Investments supplementary cash book. [9] (ii) Prepare a bank reconciliation statement. [6] [Total:22] _________________________________________
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