5. The payee of cheque no. 560, DS Suppliers, reported that the cheque for R12 000 was lost. The cheque was issued for trading goods purchased. A stop payment was placed on the cheque at the bank. No entry has been made for this. A replacement cheque will be issued during October 2019. 6. A deposit of R22 000 made on 30 September 2019 did not appear on the bank statement 7. Cheque no. 640 was recorded in the Cash Payments Journal as R4 000. The bank statement shows the amount of this cheque as R4 400, which is correct. The cheque was issued to CS ScStory Suppliers for equipment purchased. CamScanner QUESTION 3 (20 Marks) BANK RECONCILIATION The following information was obtained from the records of Selma Traders for September 2019 REQUIRED 3.1 Complete the Cash Receipts Journal and Cash Payments Journal of Selma Traders for September 2019. Write the name of the contra account in the details column (11 marks) Cast the Journals. Use the following format: Cash Receipts Journal Bank Details Total Cash Payments Journal Bank Details Total 3.2 Post to the Bank account in the General ledger of Selma Traders. Balance the account. (4 marks) 33 Prepare the Bank Reconciliation Statement as at 30 September 2019 Scuse toe following format: Cam Sealne (5 marks) Bank Reconciliation Statement as at 30 September 2019 Debit Credit 1. INFORMATION Provisional totals in the cash journals on 30 September 2019 were as follows: Cash Receipts Journal R260 000 Cash Payments Journal R300 000 2. The bank account in the ledger of Selma Traders had a debit balance of R26 000 on 01 September 2019 3. The bank statement received from IOU Bank reflected the following that must be taken into account: 3.1 A favourable balance of R1 000 on 30 September 2019. 3.2 . Charges: Service fees R1 000 Cash deposit fee R400 Interest on overdraft R200 3.3 An electronic funds transfer to a creditor, RT Morgan, for R4 000. 3.4 A dishonoured cheque for R5 000, due to insufficient funds. The cheque was previously received from debtor, G. Badson, in settlement of his debt of R5 100. 3.5 A deposit of R10 000 by the tenant, Toni Cellular, who paid the rent for 2 months. 4. The following cheques issued during September 2019 did not appear on the bank statement: cs No 635 for R18 000 No. 628 for R8 000 No 635 CamScanner 5. The payee of cheque no. 560, DS Suppliers, reported that the cheque for R12 000 was lost. The cheque was issued for trading goods purchased. A stop payment was placed on the cheque at the bank. No entry has been made for this. A replacement cheque will be issued during October 2019. 6. A deposit of R22 000 made on 30 September 2019 did not appear on the bank statement 7. Cheque no. 640 was recorded in the Cash Payments Journal as R4 000. The bank statement shows the amount of this cheque as R4 400, which is correct. The cheque was issued to CS ScStory Suppliers for equipment purchased. CamScanner QUESTION 3 (20 Marks) BANK RECONCILIATION The following information was obtained from the records of Selma Traders for September 2019 REQUIRED 3.1 Complete the Cash Receipts Journal and Cash Payments Journal of Selma Traders for September 2019. Write the name of the contra account in the details column (11 marks) Cast the Journals. Use the following format: Cash Receipts Journal Bank Details Total Cash Payments Journal Bank Details Total 3.2 Post to the Bank account in the General ledger of Selma Traders. Balance the account. (4 marks) 33 Prepare the Bank Reconciliation Statement as at 30 September 2019 Scuse toe following format: Cam Sealne (5 marks) Bank Reconciliation Statement as at 30 September 2019 Debit Credit 1. INFORMATION Provisional totals in the cash journals on 30 September 2019 were as follows: Cash Receipts Journal R260 000 Cash Payments Journal R300 000 2. The bank account in the ledger of Selma Traders had a debit balance of R26 000 on 01 September 2019 3. The bank statement received from IOU Bank reflected the following that must be taken into account: 3.1 A favourable balance of R1 000 on 30 September 2019. 3.2 . Charges: Service fees R1 000 Cash deposit fee R400 Interest on overdraft R200 3.3 An electronic funds transfer to a creditor, RT Morgan, for R4 000. 3.4 A dishonoured cheque for R5 000, due to insufficient funds. The cheque was previously received from debtor, G. Badson, in settlement of his debt of R5 100. 3.5 A deposit of R10 000 by the tenant, Toni Cellular, who paid the rent for 2 months. 4. The following cheques issued during September 2019 did not appear on the bank statement: cs No 635 for R18 000 No. 628 for R8 000 No 635 CamScanner
