(20 MARKS) The information given below was extracted from the accounting records of Dweeb Stores. REQUIRED 1.1 Complete the Cash Receipts Journal and Cash Payments Journal of Dweeb Stores for March 2019 after taking the information provided into account. Use only the columns illustrated below. In the details column write down the name of the contra account e.g. Rent income. (11) Cash Receipts Journal Details Bank Total b/f MODULE FINANCIAL REPORTING AND ANALYSIS (FUNDAMENTALS OF FINANCIAL ACCOUNTING) TOTAL MARKS 20 MARKS Cash Payments Journal Details Bank Total b/f 1.2 Post to the Bank account in the General ledger of Dweeb Stores. Balance the account. (3) 1.3 Prepare the Bank Reconciliation Statement as at 31 March 2019. Use the following format: (6) Bank Reconciliation Statement as at 31 March 2019 Debit Credit INFORMATION R 1. The bank column of each of the cash journals showed the following totals before the March 2019 bank statement was received: Cash Receipts Journal Cash Payments Journal 300 000 350 000 2. A comparison of the cash journals of Dweeb Stores for March 2019 and the Bank Reconciliation Statement for February 2019 with the bank statement from FNB Bank for March 2019 revealed the following differences: 2.1 Entries that appeared on the bank statement but not in the cash journals: R 2.1.1 A cheque previously received from the lessee for rent was dishonoured because of insufficient funds. 6 800 2.1.2 A debit order in favour of Telkom for the personal telephone account of the proprietor. 3 800 2.1.3 Charges levied by FNB Bank: Service fees Cash deposit fee Interest on overdraft 1 500 1 000 100 2.1.4 A deposit by a debtor to settle his account of R6 200 6 000 2.1.5 A deposit by FNB Bank for a successful loan application 50 000 2.2 Entries in the cash journals that did not appear in the bank statement: R 2.2.1 A deposit made on 31 March 2019. 102 400 2.2.2 The following cheque issued during March 2019: Cheque no. 520 8 700 3. Additional information R 3.1 Cheque no. 490 (dated 23 February 2019) which appeared in the Bank Reconciliation Statement for February 2019 did not appear in the bank statement for March 2019. 16 140 3.2 Cheque no. 460 issued to Fan Club during January 2019 as a donation must be cancelled as the club no longer exists. 4 800 3.3 A deposit made by Passionate Stores was erroneously reflected on the bank statement of Dweeb Stores. 4 000 3.4 An entry was made in the Cash Payments Journal for a cheque to a creditor Rainbow Suppliers for R10 000. The bank statement reflected the correct amount of the cheque, R11 000. 3.5 The bank account in the ledger of Dweeb Stores reflected a debit balance on 01 March 2019. 38 800 3.6 The bank statement showed an unfavourable balance on 31 March 2019. ?