Solution manual Accounting An Introduction to Principles & Practice 7th Edition Edward A Clarke

Solution manual Accounting An Introduction to Principles & Practice 7th Edition Edward A Clarke

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Sample Questions Are Posted Below

Accounting: An introduction to principles and practice, 7E. Solutions Manual 305

Question 7.21
Bank Reconciliation of R Buchan
as at 31 December 2015
Debit balance as per bank statement (3 105.33)
add back Error in transfer debit 3 578.95
Credit balance as corrected 473.62
add Outstanding deposit 1 086.30
1 559.92
less Unpresented cheques
335097 625.45
335098 639.57 1 265.02
Debit balance as per Bank account 294.90
Cash Balance Summary
as at 31 December 2015
Debit Bank balance 1–12–2015 161.05
add Receipts 7 267.05
7 428.10
less Payments 7 133.20
Debit balance as per Bank account 294.90
Shown as information only; not required by question.
Extract Cash Receipts Journal
of R Buchan Extract Cash Payments Journal
of R Buchan
1 Dec 15 958.36 3 Dec 15 335090 511.35
10 Dec 15 576.83 5 Dec 15 335091 737.31
12 Dec 15 294.14 9 Dec 15 335092 956.52
15 Dec 15 799.71 11 Dec 15 335093 107.44
20 Dec 15 366.01 18 Dec 15 335094 978.10
23 Dec 15 895.91 20 Dec 15 335095 482.36
27 Dec 15 857.62 27 Dec 15 335096 794.43
31 Dec 15 5 834.88 1 586.30 31 Dec 15 335097 625.45
1 Dec 15 958.36 s/b 958.63 0.27 335098 5 832.53 639.57
25 Dec 15 7 267.05 1 431.90 10 Dec 15 B/s 1 255.67
5 Dec 15 335091 (737.31)
335091 773.31
31 Dec 15 B/s 4.00
B/s 7133.20 5.00

Accounting: An introduction to principles and practice, 7E. Solutions Manual 306
Question 7.22
Petty Cash Book of Win Dsor
Receipt Date Voucher Particulars Payment Staff
Amen
GST
Receiv
Travel
Exp
Post-
age
Office
Exp
Station
-ery
210.00 1 Mar 15 Balance b/d
4 Mar 15 Milk – staff amenities 6.30 6.30
6 Mar 15 Train fare to city – travel exp 12.65 1.15 11.50
8 Mar 15 Postage 9.00 0.82 8.18
10 Mar 15 Sandwich platter for meeting 22.00 2.00 20.00
11 Mar 15 Stationery 6.60 0.60 6.00
13 Mar 15 Photocopying – stationery 16.50 1.50 15.00
15 Mar 15 Pads, envelopes – stationery 19.25 1.75 17.50
18 Mar 15 Taxi fare – travel expense 29.15 2.65 26.50
19 Mar 15 Postage 28.60 2.60 26.00
20 Mar 15 Milk – staff amenities 10.50 10.50
25 Mar 15 Coffee, tea, sugar – staff amen 21.30 21.30
30 Mar 15 Newspapers – office expense 27.50 2.50 25.00
209.35 38.10 15.57 38.00 34.18 45.00 38.50
31 Mar 15 Balance c/d 0.65
210.00 210.00
0.65 Balance b/d
209.35 Bank, Reimbursmnt chq 147852
Extract Cash Payments Journal of Win Dsor CP 1
Bank Staff
Amen
GST
Receiv
Travel
Exp
Post-
age
Office
Exp
Statio
nery
31 Mar 15 852 Petty Cash Reimbursem’t 209.35 38.10 15.57 38.00 34.18 45.00 38.50
Extract General Ledger of Win Dsor
Bank Petty Cash
Payment 209.35 Balance 210.00
GST Receivable Staff Amenities
Bank [payment] 15.57 Bank [payment] 38.10
Travel Expenses Postage
Bank [payment] 38.00 Bank [payment] 34.18
Office Expenses Stationery
Bank [payment] 45.00 Bank [payment] 38.50

Accounting: An introduction to principles and practice, 7E. Solutions Manual 307
Question 7.23
Petty Cash Book of Dorothy Ahkoi
Receipt Date Voucher Particulars Payment Staff
Amen
GST
Receiv
Post-
age
Station
-ery
Travel
Exp
Office
Exp
100.00 1 May 15 Bank, Advance chq 753214
2 May 15 Milk tea coffee – staff amen 27.55 27.55
3 May 15 Detergent, sponge – staff amen 9.90 9.00 0.90
5 May 15 Postage 45.00 4.09 40.91
6 May 15 Stationery 16.50 1.50 15.00
98.95 36.55 6.49 40.91 15.00
7 May 15 Balance c/d 1.05
100.00 100.00
1.05 Balance b/d
98.95 Bank, Reimburse chq 753257
150.00 Bank – Advance chq 753257
15 May 15 Taxi fare – travel expense 52.25 4.75 47.50
17 May 15 Milk – staff amenities 5.20 5.20
18 May 15 Newspapers – office expense 34.65 3.15 31.50
20 May 15 Travel expenses 75.90 6.90 69.00
23 May 15 Postage 18.70 1.70 17.00
25 May 15 Food platter for meetings 29.70 2.70 27.00
27 May 15 Milk coffee biscuits – staff amen 13.85 13.35 0.50
230.25 18.55 19.70 17.00 116.50 58.50
31 May 15 Balance c/d 19.75
250.00 250.00
19.75 Balance b/d
230.25 Bank, Reimburse chq 753368
Extract Cash Payments Journal of Dorothy Ahkoi CP 1
Bank Petty
Cash
Staff
Amen
GST
Receiv
Post-
age
Statio
-nery
Travel
Exp
Office
Exp
1 May 15 214 Cash – Advance petty cash 100.00 100.00
7 May 15 257 Petty Cash – Reimbursem’t 248.95 150.00 36.55 6.49 40.91 15.00
31 May 15 368 Petty Cash – Reimbursem’t 230.25 18.55 19.70 17.00 116.50 58.50
579.20 250.00 55.10 26.19 57.91 15.00 116.50 58.50

Accounting: An introduction to principles and practice, 7E. Solutions Manual 308
Question 7.23 continued
Extract General Ledger of Dorothy Ahkoi
Bank Petty Cash
Payment 579.20 Bank [payment] 250.00
GST Receivable Staff Amenities
Bank [payment] 26.19 Bank [payment] 55.10
Postage Stationery
Bank [payment] 57.91 Bank [payment] 15.00
Travel Expenses Office Expenses
Bank [payment] 116.50 Bank [payment] 58.50
Question 7.24
Bank Reconciliation of R Tambo
as at 30 April 2015
Debit balance as per bank statement (3 164.75)
add Outstanding deposit 0.00
(3 164.75)
less Unpresented cheques
245481 21.33
245491 647.28
245493 659.52 1 328.13
Credit balance as per Bank account (4 492.88)
Cash Balance Summary
as at 30 April 2015
Debit Bank balance 1–4–2015 73.65
add Receipts 1 548.31
1 621.96
less Payments 6 114.84
Credit balance as per Bank account (4 492.88)

Accounting: An introduction to principles and practice, 7E. Solutions Manual 309
Question 7.24 continued
Shown as information only; not required by question.
Extract Cash Receipts Journal of
R Tambo Extract Cash Payments Journal
of R Tambo
5 Apr 15 553.30 2 Apr 15 245487 647.59
10 Apr 15 174.80 245488 563.01
18 Apr 15 254.96 5 Apr 15 245489 911.57
20 Apr 15 211.54 245490 408.76
29 Apr 15 343.71 8 Apr 15 245491 647.28
10 Apr 15 174.80 s/b 184.80 1 548.31 10.00 28 Apr 15 245492 739.49
29 Apr 15 245493 659.52
6 Apr 15 B/s 679.06
B/s 7.50
12 Apr 15 B/s 659.50
30 Apr 15 B/s 135.00
B/s 25.00
B/s 2.06
B/s 6 114.84 29.50
Question 7.25
Bank Reconciliation of R Broken
as at 30 November 2015
Debit balance as per bank statement (1 001.97)
add back Error in transfer debit 758.35
Debit balance as per bank statement (243.62)
add Outstanding deposit 1 622.57
1 378.95
less Unpresented cheques
433581 459.39
433586 305.86
433595 82.63 847.88
Debit balance as per Bank account 531.07
Cash Balance Summary
as at 30 November 2015
Credit Bank balance 1–11–2015 (523.71)
add Receipts 5 194.77
4 671.06
less Payments 4 139.99
Debit balance as per Bank account 531.07

Accounting: An introduction to principles and practice, 7E. Solutions Manual 310
Question 7.25 continued
Shown as information only; not required by question.
Extract Cash Receipts
Journal of R Broken Extract Cash Payments
Journal of R Broken
2 Nov 15 649.37 1 Nov 15 433590 156.30
10 Nov 15 910.97 2 Nov 15 433591 94.48
20 Nov 15 505.32 3 Nov 15 433592 216.31
27 Nov 15 543.98 4 Nov 15 433593 70.36
29 Nov 15 4 232.21 1 622.57 5 Nov 15 433594 1 279.89
20 Nov 15 5 194.77 962.56 6 Nov 15 433595 82.63
10 Nov 15 433596 398.17
20 Nov 15 433597 2 831.12 532.98
5 Nov 15 B/s 1 284.90
4 Nov 15 433593 (70.36)
433593 71.36
27 Nov 15 B/s 15.42
B/s 4 139.99 7.55
Question 7.26
Bank Reconciliation of R Nickolson
as at 31 August 2015
Debit balance as per bank statement (1 537.88)
add Outstanding deposit 807.52
(730.36)
less Unpresented cheques
335387 705.02
335397 745.35
335399 832.93 2 283.30
Credit balance as per Bank account (3 013.66)
Cash Balance Summary
as at 31 August 2015
Debit Bank balance 1-8-2015 639.48
add Receipts 4 051.93
4 691.41
less Payments 7 705.07
Credit balance as per Bank account (3 013.66)

Accounting: An introduction to principles and practice, 7E. Solutions Manual 311
Question 7.26 continued
Shown as information only; not required by question.
Extract Cash Receipts
Journal of R Nickolson Extract Cash Payments
Journal of R Nickolson
2 Aug 15 403.56 2 Aug 15 335393 811.22
8 Aug 15 997.96 7 Aug 15 335394 1 266.44
10 Aug 15 140.13 12 Aug 15 335395 285.39
17 Aug 15 870.25 15 Aug 15 335396 928.60
28 Aug 15 348.78 19 Aug 15 335397 745.35
31 Aug 15 3568.20 807.52 24 Aug 15 335398 426.52
5 Aug 15 547.00 31 Aug 15 335399 832.93
8 Aug 15 997.96 s/b 997.69 (0.27) 335400 6 114.37 817.92
17 Aug 15 870.25 s/b 807.25 (63.00) 9 Aug 15 B/s 176.00
4 051.93 B/s 7.50
15 Aug 15 335396 (928.60)
335396 982.60
17 Aug 15 B/s 25.00
20 Aug 15 B/s 1 182.20
31 Aug 15 B/s 125.00
B/s 5.40
B/s 7 705.07 15.60

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Solution manual Accounting An Introduction to Principles & Practice 7th Edition Edward A Clarke

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