(26 marks) Question 3 The following bank reconciliation statement was drawn up on 30 April 2017 in the books of Pikinini Traders: Bank reconciliation statement on 30 April 2017 Amount (R) Details Balance as per bank statement Outstanding depost Correction of incorrect entry on bank statement Outstanding cheques: No 812 R2 600 R2 230 R3 100 R750 R920 R1 060 815 Balance as per bank account The bank statement received in 31 May is as follows: Bank statement for May 2017 Day Details De R2 600 Dr R370 Dr R2 730 Cr R 1 430 Cr R17 150 R18 580 Cr R18 545 Cr R4 100 R22 645 Cr 1 Balance Deposit Error corrected R2 230 R3 100 2 Cheque 822 R1300 7Deposit 12 Cheque book 15 Deposit 16 Cheque 824 19 Cheque 812 23 Cheque 823 24 Service fee 25 Deposit 26 Unpaid cheque (N. Andrews) 27 Deposit (Rent income) 28 Cheque 826 29 Cheque 827 31 Interest on overdraft R35 R21 095 C R1 550 R 750 R2 200 R55 R20 345 Cr R18 145 Cr R18 090 Cr R8 300 R26 390 Cr R23 090 Cr R6 500 R29 590 Cr R24 190 Cr R16 790 Cr R16 777 Cr R1 000 R17 777 Cr R3 300 R5 400 R7 400 R13 The following is a summary of the deposits and cheque payments recorded in the cash receipts and cash payments journals of Pikinini Traders for May 2017 Cash receipts journal May 2017 Cash payments journal May 2017 822 1 Insurance 823 9 R Raymond 824 14 Water & electricity 825 19 K Palm 826 25 Wages & salaries 827 29 Inventory R1 300 6 Depos 14 Deposit 24 Deposit 31 Deposit R17 150 R4 100 RB 300 R1 200 R1 550 R1 250 R4 500 R7 400 R18 200 R30 750