a) prepare the correct bank reconciliation statement as at 31 July 2020. (Assume that the balances in the incorrect bank reconciliation statement are correct.) (4)

b) prepare the bank account in the general ledger of Whisklaw Ltd. for the month ended 31 August 2020. (4)

c) prepare the bank reconciliation statement as at 31 August 2020. (A bank reconciliation statement using a debit and credit column format is not acceptable.)
 

BANK RECONCILIATION STATEMENT AS AT 31 JULY 2020 Debit balance according to bank statement Less: Outstanding cheques No. 101 125 Less: Outstanding deposit Add: Unreconciled difference Credit balance according to bank account in general ledger You determine the following: 1. The outstanding deposit of R7 500 appears on the August 2020 bank statement. 2. The bank statement shows a credit balance of R40 100 on 31 August 2020. 3. The total of the bank column in the cash receipts journal amounted to R90 909 for August 2020, and the total of the bank column in the cash payments journal amounted to R77 000. R 9 880 (900) (1 111) (7 500) 4 022 4 391 4. Cheque 101 was issued on 15 December 2019 and is, therefore, outdated. Cheque 125 was issued on 10 April 2020 and appears on the August 2020 bank statement. 5. Cheque 134 to the amount of R850 appears as a credit on the August 2020 bank statement. 6. A deposit of R9 323 appears as a debit of R6 392 on the August 2002 bank statement. 7. A deposit of R10 415 in respect of the receipts for the week ended 7 August 2020 appears as R19 415 on the August 2020 bank statement. Number 140 222 167 8. The following cheques were issued during August 2020, but had not been presented to the bank for payment by 31 August 2020: R 2087 (see note 9) 6 763 2 087 9. Cheque 140 got lost in the post. The bank was requested not to pay out the specific cheque upon presentation. Cheque 140 was replaced by cheque 167. 10. The bank statement for August 2020 shows a stop order of R300 for the subscription fee to a cat treat box, which was already cancelled on 31 July 2020. 11. One of Whisklaw Ltd. s debtors electronically transferred R15 234 on the last day of August 2020. No accounting entry was made in respect of the deposit. The deposit appears on the August 2020 bank statement. 12. The bank statement for August 2020 shows the following items that do not appear in Whisklaw Ltd. s accounting records: Bank charges: R160 Interest on debit balances: R99