12. How would you rectify the error made by the bank for the incorrect amount reflecting on the bank statement of R218 instead of R281 for cheque no 470? (refer to 'm in the above information provided to you) (1) An entry will be made in the cash receipts journal with the difference of R63 (2) An entry will be made in the cash payments journal with the difference of Re3 (3) An entry will be made on the credit side of the bank reconciliation statement with the difference of R03 (4) An entry will be made in the general journal with the difference of R63. (5) An entry will be made on the debit side of the bank reconciliation statement with the difference of R63. Where would you record cheque no 220 which was not yet presented for payment? (refer to T in the above information provided to you) (1) An entry will be made in the cash payments journal of R15 000 as a cancelled cheque. (2) An entry will be made in the cash payments joumal of R30 000 as a cancelled cheque. (3) An entry will be made in the cash receipts joumal of R30 000 as a cancelled cheque (4) A entry will be made on the credit side of the bank reconciliation statement with R15 000 (5) An entry will be made in the cash receipts journal of R15 000 as a cancelled cheque. 13 37 ASSIGNMENT 01 (continued) 14. in which of the following will you record the direct deposits made by the clients of KA Furniture Stores? (refer ton in the above information provided to you) (1) Cash payments journal (2) Bank reconciliation statement (3) Cash receipts joumal. (4) General joumal. (5) Sales joumal