Lecture Illustrations

1. Bank Reconciliation

As accountant for Pampered Pets, you are required to prepare a bank reconciliation at the
end of June. The bank reconciliation for May is set out below.

Pampered Pets
Bank Reconciliation Statement, 31 May

Balance as per bank statement, 31 May, $19 CR

Plus unrecorded deposit 56
75
Less unpresented cheques
Cheque. No. 264 $200 200

Adjusted Bank Statement Balance (125) DR

agrees to
Balance as per Cash at Bank account (125) CR

Cash Receipts Journal

June Cash at Bank
2 B. Simpson $ 90
9 Cash sales 165
9 W. Stanley 320
10 Capital 1,100
12 R. Ramjet 95
14 Cash sales 270
18 W.Groom 30
20 J. Harvey 410
24 Cash sales 380
25 Cash Sales 132
27 Commission 550
30 B.Simpson 45
3,587
15 Dishonoured cheque -90
28 Direct deposit 3,600
30 Interest received 9
Total 7,106

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 Cash Payments Journal
June Cheque No. Cash at Bank
3 W. Johnson 273 120
6 Rent 274 1,340
9 Salaries 275 500
12 S. V. Spry 276 205
14 Advertising 277 440
15 Cash purchases 278 99
17 Salaries 279 500
19 Cash purchases 280 390
20 R. Bullwinkle 281 740
21 K. Stewart 282 460
24 Salaries 283 500
25 Stationery 284 88
28 D. Hammond 285 620
29 P. L. Wholesales 286 710
30 Telephone expenses 287 360
7,072
3 Interest expense 15
21 Cheque book 10
Total 7,097

Pampered Pets - General Ledger

Cash at Bank Account
Date Particulars Debit Credit Balance
1 June Balance 125 Cr
30 June CRJ 7,106 6,981 Dr
30 June CPJ 7,087 116 Cr

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 Pampered Pets

Bank Reconciliation Statement

as at 30 June

Bank balance, 30 June 1,849 Cr

Plus: unrecorded deposits 45
1,894

Less: unpresented cheques

264 200
281 740
286 710
287 360 2,010

Balance as per cash at bank account 116 Cr

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