22 2022 Additional information: . The balance on Plant World's account in the Trade Payables subsidiary ledger of Jasmine Traders on 1 March was R3 690. The difference between the statement balance and the Trade Payables subsidiary ledger balance was a result of an EFT payment made on 28 February that was not reflected by Plant World. Invoice 1009 reflected on the April statement had not yet been received by Jasmine Traders. Jasmine Traders sent a debit note to Plant World in March for R500, representing the difference between the price they had verbally agreed on some items purchased and the price that appeared on the invoice. They still have not negotiated a compromise. A credit note for goods returned in April for R910 appears on the April statement as R190. The credit note has been correctly recorded by Jasmine Traders in April. This is the only entry in the creditor's allowances journal for April. Invoice 1005 on the April statement is for Jas Traders, not Jasmine Traders. An invoice for R658 shown on the April statement was for flowers ordered by the owner Mr. Willow for his wedding anniversary. The bookkeeper had not recorded this transaction at all, as the owner had ordered the goods in his own name and not for the business. IGNORE VAT. Required: Q.3.1 Prepare the Plant World account in the Trade Payables ledger of Jasmine Traders, showing all the transactions for March and April. (26) A folio column is required as marks will be allocated. Q.3.2 Prepare a Trade Payables reconciliation statement as at 31 March and 30 April. (22) Q.3.3 Should Plant World agree to deduct R500 from the invoice amount, how will this be reflected by Plant World. (2) [TOTAL MARKS: 100] The independent Institute of Education (Pty) Ltd 2022 Page 7 of 7