2020 PHS 3N POA EOY P2 Q3

2020 PHS 3N POA EOY P2 Q3

3 Megan Merchandise provided the following cash at bank account for the month of March 2020.

Cash at bank account

2020

Particulars

Cheque

Dr ($)

Cr ($)

Balance ($)

Mar 1

Balance b/d

   

14 680 Dr

3

Aidil

36248

 

5 780

8 900 Dr

7

Wicus Wonderland

 

4 920

 

13 820 Dr

9

Gula Trading

 

17 000

 

30 820 Dr

15

Insurance

36249

 

11 600

19 220 Dr

16

Sales Revenue

 

2 650

 

21 870 Dr

22

Luke 

36250

 

3 360

18 510 Dr

25

Wages

36251

 

4 900

13 610 Dr

30

Ana Almonds

 

4 530

 

18 140 Dr

The bank statement received by Megan Merchandise on 3 April 2020.

Bank statement

2020

Particulars

Withdrawal ($)

Deposit ($)

Balance ($)

Mar 1

Balance 

  

16 020 Cr

2

Cheque no. 36247

1 340

 

14 680 Cr

3

Direct debit : Stefy 

740

 

13 940 Cr

8

Cheque deposit

 

4 920

18 860 Cr

11

Cheque deposit

 

17 000

35 860 Cr

12

Dishonoured cheque

4 920

 

30 940 Cr

14

Standing order – rental 

2 300

 

28 640 Cr

18

Cash 

 

2 650

31 290 Cr

21

Credit transfer – dividend

 

1 500

32 790 Cr

24

Cheque no. 36249

11 600

 

21 190 Cr

27

Cheque no. 36251

4 900

 

16 290 Cr

30

Cheque no. 36248

5 780

 

10 510 Cr

30

Bank charges

100

 

10 410 Cr

REQUIRED

a. Prepare the adjusted cash at bank account for the month of March 2020.

[6]

b. Prepare the bank reconciliation statement as at 31 March 2020.

[4]

[TOTAL 10]

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