John Wallace Opened A Greengrocer’s Shop On 1 April For £1.000 Cash: Bookkeeping Level 2 Assignment, MU, Ireland

ASSIGNMENT 4

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Question 1
John Wallace opened a greengrocer’s shop on 1 April for £1.000 cash. I
Wen placed E1.700 in bank swam Record ON INewsN transactions for
the rest of two weeks trwlirN in Ns Cashbook

Aixi 3 Paid the yea’s rent by cheque E400.

4 Cash sales E1.100.
Paid cash into bank E1 000

5 Paid R Knight C350 by Cheque in respect of an account due. after
claiming Account o1 E10 CSFIrlsWs E600

IS Pod cash into bank E520
Pact wages to shop assistant E200. cash

Reviewed Chews Worn I Bolan (400 ter goods sold on certain on l Arni with E415. the bounce
bong Olsoziont granK4 for prong Darnell,

B Cash sales ES00
Paid rash into bank E500

10 Paid postal exprees E45. cash

11 Cash sales £1000.
Paid cash into bank E920

12 Paid Weresing costs by cheque £220
Bought cash rests tor E600. Peking by Cheque

14 Cash Wes E300

°green Rays cash bock shows the following bank transactions for July

July 1 Balance C 500 July 6 R Snarl f 75
7 Sales 420 9 Business rates 40
11 Sales 90 12 I Jones 50
21 1. Burns 360 ID J. Small 200
30 Sales 380 23 Motor exomes 40
28 Wages 160
31 Balance Hang
C 1.750 L1.750

Required
Pregore a barn reCdvtabon statement as at 31 July We have nol %h en Cheque Of pay-m s ea reference numbers but you may assume net all the tunes, it’s listed in the bank statement relate >0 Corns foe the corresponding amount in the cash hook. Stall your statement win Balance as per Bank Statement at 31′ July 20X11

Question 3

Jean Thomson keeps her coin cash nook as in present d E150 She balances her book weekly and on 1 May the only cash balance was E65 The transactions for the first two weeks in May were.

May 2 Petty cash balance restored b imprest amount from the cash book
Petrol E 15
Postage stamps 10
3 Traveling expenses 28
4 Clearing metals 4
5 Petrol 24
6 Postage stamps 12
Petty cash balance restored b imprint amours horn the cash book
10 Traveling expenses 14
11 Office dealer 30
12 Petrol 16
13 Postage on parcels 20

Reburied
Write up in petty can book for the two weeks and berg down he balances on 7 and 14 May. Use such analysis columns as you feel we required

 Question 4

In me following transeCtions in B.J. Smith’s business. show. using T accounts.
how those are to be: Goaded Or ma relevant accrual

(a) The cash See a B.J. Strain • fees month prod were E25.000. installed
VAT at 20%.

(b) Cash purchases In the earns period were £14200. not of VAT.

(c) Customers returned goods to the value of £300 Inclusive of VAT and were reimbursed In cash (0) Goods wens also sold on credit b.