2.1 For the following cheques, indicate the amount to be recorded on the bank reconciliation statement on 30 April 2017 and explain why that amount should be recorded or not recorded. Round off figures to the nearest whole number. 2.1.1 Cheque CC021 2.1.2 Cheque CC087 2.1.3 Cheque CC089 2.1.4 Cheque CC121 2.1.5 Cheque CC002 2.1.6 Cheque CC005 2.1.7 Cheque CC125 2.1.8 Cheque CC174 2.1.9 Cheque CC004 2.1.10 Cheque CC007

Question 2 (33 marks) The bookkeeper of Balamu Enterprises found the following during a bank reconciation exercise during April 2017 March 2017 Bank statement Outstanding Cheque CC021 Cheque CC0B7 April 2017 Bank statement Outstanding R3 560 R4 751 R12 540 R6 450 R1 730 R4 710 Cheque CC021 Deposil R12 540 R4 710 Cheque CC121 Cheque CCO89 Deposit Cheque CC121 Another extract shows the following Cheques that have not yot been cashed by the payees Item Cheque CCD02 Cheque CCD05 Cheque CC125 Cheque CC174 Date Dated 3 September 2016 Dated 5 November 2016 Dated 8 Apri 2017 Amount R7 500 R3 190 R4 370 R3 960 Dated 25 May 2017 NB: It was noted that the Bank statement ahoted an unfavourable balance of R17 540 on 30 April 2017 1. The bank charged interest on overdraft of R23.67 for the month of April 2017 However it was erroneously recorded as interest received and must be corrected Two cheques CC004 and CC007 issued by the business for R3 250 and R1 360 dated 19 September 2016 and 5 December 2016 respectively, had a 6% discoun granted on them. The discount was valid only if the two cheques were presented 2. to the bank within a period of three months based on the discount terms 3. On 1 May 2017, a deposit of R14 391 was made in the Bank account. Page 3 of 7 HFMN18161-SemB2017-FATLS V3-02072017