additional information (continued)

5. the electronic fund (EFT) made on 28 September 2020 was mistakenly subtracted twice in the bank statement.

6. The sales deposit for 28 September of R236 has not yet cleared in the bank account.

Required:

(a) Prepare the corrected bank account in the general ledger of Ballistic Ltd, properly balanced on 30 September 2020.

(b) Prepare the bank reconciliation statement of Ballistic Ltd as at 30 September 2020. begin with the balance as per bank statement.

Question 2 (Ballistic Ltd) 12 Marks The following bank account ledger and bank statement of Ballistic Ltd are presented to you for September 2020: Fol. Dr Date 1 3 4 7 13 14 27 28 Details Balance Sales Sales Trade Receivables Sales Sales Debtors Sales 800 Bank Account Ledger Fol. Amount Date Details cld 2018 4 Petty Cash - 116 5 465 6 Rent paid - 117 3 455 13 L Chiloane - 118 14 Delhar Ltd - 119 946 21 Wages - 120 5 210 26 Telephone - 121 435 26 Salaries - 122 23628 Stationery(R Ngobe) 30 Balance 18 565 Cr Amount 300 2 800 956 5 698 500 430 2 440 3 670 eft b/d 1 771 18 565 Bank Statement - 30 September 2020 Debit Credit Date Details R R 5465 3 455 300 800 2 800 56 258 946 Balance R 2018 Cr 7 483 Cr 10 938 Cr 10 638 Cr 11 438 Cr 8 638 Cr 8 582 Cr 8 840 Cr 9 786 Cr 8 830 Cr 14 040 Cr 8 342 Cr 7 842 Cr 7 582 Cr 7 832 Cr 8 267 Cr 7 837 Cr 5 437 Cr 1 767 Cr 1 903 Dr 956 1 Balance 3 Deposit 4 Deposit 5 116 7 Deposit 117 12 Bank charges Deposit 13 Deposit 118 14 Deposit 18 119 24 120 1004 25 Deposit 27 Deposit 28 121 122 Eft - Stationery (R Ngobe) Eft - Stationery (R Ngobe) 5 210 5 698 500 260 250 435 430 2 400 3 670 3 670 Additional Information: 1. The deposit on 12 September 2020 was mistakenly made directly into the bank account of Ballistic Ltd by another client of the bank R Riksha. 2. The book keeper forgot to record cheque 1004 withdrawn from the bank paid to a creditor 3. The correct amount of cheque 122 is R2 400. 4. The deposit for R250 was deposited directly to the bank by one of the company's debtors. Page 3 of 5