Business, 24.03.2021 19:50 cynayapartlow88

We following information relates to Montso Stores for March 2020 REQUIRED:
1.1
Update the Cash Journals for March 2020 by taking into account entries on the
bank statement. Start with the provisional totals in B.
(17)
12 Prepare the Bank Account on 31 March 2020
1.3
(5)
Prepare the Bank Reconciliation Statement fer March 2020.
INFORMATION:
A. The balance in the Bank Account in the General Ledger on 1 March 2020
was R12 340 (favourable)
B. Cash Journals for March 2020 (before checking the bank statement)
CASH RECEIPT JOURNAL - MONTSO STORES - MARCH 2020
४
Doc
Day
Details
Bank
Sales
Amount
Details
Cost of
salos
58 960
Capital
Rec 1
Cnr 1
Crr 2
Cr3
Crr 4
1
7
14
21
28
Montso
Cash
Cash
Cash
Cash
Analysis of
analyses
58 960
18 000
15 000
6 000
21 000
58 960
18 000
15 000
6 000
21 000
18 000
15 000
6 000
21 000
12 000
10-000
4 000
14 000
5356
118 960
60 000
40 000
58 960
Amount
Details
CASH PAYMENT JOURNAL MONTSO STORES - MARCH 2020
Doc Day Details
Bank Trading Stationery Consuma-
stock
ble stores
EFT1 1 AA Stores
10 000 6 000 4 000
EFT2 2 BB Traders
2 500
2 500
EFT3 8 CC Stores
5 000 2 700 2 300
EFT4 17 DD Suppliers
7 000
EFT5 21 EE Stores
3 500 3500
EFT6 30 QO Stores
12 400 12 400
40 400 24 600
2 500
7 000
Repairs
6 300
7 000
C.
BANK STATEMENT - MONA BANK
DATE
AMOUNT
DETAILS
BALANCE

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 02:20

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

Answers: 2

Answer

Business, 22.06.2019 20:50

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.

Answers: 2

Answer

Business, 22.06.2019 21:00

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.

Answers: 3

Answer

Business, 23.06.2019 02:40

If a country is looking to increase economic growth quickly, it should: choose the correct answer from the following choices, and then select the submit answer button. answer choices focus on natural resources and develop physical capital. make investments from domestic savings and adopt new technology. increase spending on human capital and start a new political approach. develop new technologies funded by the public sector.

Answers: 1

Answer

You know the right answer?

We following information relates to Montso Stores for March 2020 REQUIRED:
1.1
Update the...

Questions