Complete the entire assignment in this document. Make sure you have read Modules $1$ to $8$ before completing this assignment.

Note:

Make sure that you show all your workings within the assignment when calculations are required.

The information below applies to Questions $1$ to $3,$ and relates to Sun$-$Eaze, a sunglass retailer.

Bank reconciliation statement of Sun$-$Eaze as at $31$ March

Details Amount

Balance per bank statement $14431378$

Add outstanding deposits

No$.571552750$

Less outstanding cheques

No$.390315858$

No$.457631716$

No$.458947572$

Add error $$ deposit no$.568$ understated on the bank statement $789644$

Balance per bank account $13878626$

PARADIGM BANK

Registered Bank. Reg. No$.1941/000063/02$

TAX INVOICE$/$STATEMENT

VAT Reg. No$.4276398760$

Statement No$.4$

$107$ Adderley Street

Cape Town

$8000$

PO Box $763$

Roggebaai

$8003$

Tel: $0214256652$

Fax: $0214356653$

Branch code: $987654$

To:

Sun$-$Eaze

Black River Park

$2$ Fir Street

Observatory

$7925$

VAT No$.4274625091$

BUSINESS CHEQUE ACCOUNT

ACCOUNT NO$.1874936724$

For period: $1$ April to $30$ April

Date Details of Transaction Debit Credit Total

$1$ Balance $144313\mathrm{.}78$ Cr

$1$ Cheque no$.4576317\mathrm{.}16137996\mathrm{.}62$ Cr

$1$ Deposit $5527\mathrm{.}50143524\mathrm{.}12$ Cr

$1$ Correction of error on deposit $7896\mathrm{.}44151420\mathrm{.}56$ Cr

$1$ Internet and mobile banking fees $734\mathrm{.}36150686\mathrm{.}20$ Cr

$2$ Direct deposit $$ Shades $12634\mathrm{.}30163320\mathrm{.}50$ Cr

$3$ Cheque no$.45920068\mathrm{.}70143251\mathrm{.}80$ Cr

$5$ Cheque no$.46015051\mathrm{.}50128200\mathrm{.}30$ Cr

$6$ Deposit $14046\mathrm{.}68142246\mathrm{.}98$ Cr

$6$ Cheque no$.4612574\mathrm{.}10139672\mathrm{.}88$ Cr

$10$ Direct deposit $$ G Grey $6334\mathrm{.}84146007\mathrm{.}72$ Cr

$11$ Cheque no$.46223413\mathrm{.}46122594\mathrm{.}26$ Cr

$12$ Deposit $15499\mathrm{.}78138094\mathrm{.}04$ Cr

$13$ Debit card fees $301\mathrm{.}96137792\mathrm{.}08$ Cr

$14$ Cheque no$.46328430\mathrm{.}62109361\mathrm{.}46$ Cr

$14$ Cheque no$.46328430\mathrm{.}6280930\mathrm{.}84$ Cr

$15$ Debit order $$ Watchdog Security $7896\mathrm{.}4473034\mathrm{.}40$ Cr

$18$ Cheque no$.46410034\mathrm{.}3463000\mathrm{.}06$ Cr

$20$ Deposit $7434\mathrm{.}2670434\mathrm{.}32$ Cr

$24$ Cheque no$.46518396\mathrm{.}2852038\mathrm{.}04$ Cr

$26$ Service fees $493\mathrm{.}6851544\mathrm{.}36$ Cr

$27$ Cheque no$.09844579\mathrm{.}9446964\mathrm{.}42$ Cr

$27$ Debit order $$ Get Wired $14414\mathrm{.}4832549\mathrm{.}94$ Cr

$28$ Cheque no$.4668361\mathrm{.}9424188\mathrm{.}00$ Cr

$29$ R$/$D $$ F Baggins $15499\mathrm{.}788688\mathrm{.}22$ Cr

$30$ Interest on current account $1441\mathrm{.}9010130\mathrm{.}12$ Cr

Take note of the following supplementary information:

$$Cheque no$.390$ was issued six months ago and needs to be cancelled, as it is stale. The amount had initially been paid to Brand Republic for online marketing.

$$Shades paid for repairs done for them on the previous day via a direct deposit to the business.

$$Cheque no$.461$ was correctly recorded in the cash payments journal.

$$G Grey settled his outstanding account through a direct deposit to the business on $10$ April.

$$Cheque no$.463$ should only have been debited once on the bank account.

$$Watchdog Security, who provides the business with security services, was paid via a monthly debit order.

$$Deposit no$.574$ on $20$ April was incorrectly recorded in the cash receipts journal.

$$Cheque no$.0984$ was not written out by the business, and should have been debited to a different account.

$$The monthly telephone bill was paid to Get Wired by debit order.

$$A cheque received from F Baggins for payment of his outstanding account, which had originally been deposited as deposit no$.573,$ was returned by the bank due to insufficient funds.

Cash journals

Cash receipts journal of Sun$-$Eaze $$ April CRJ$1$ CRJ$4$

Day Doc no$.$ Details Fol. Analysis of receipts Bank Debtors control Sales VAT output Sundries Cost of sales

Amount Details Fol. Dep no$.$

$1$ CR$317$ S Gamgee $532806532806$

$1$ Inv$306$ Cash $8718621404668758141113721572473838$

$12$ Inv$307$ F Baggins $154997815499782021711347807$ Repairs income $573$

$19$ CR$318$ P Took $823426823426823426574$

$27$ Inv$308$ Pippins Optics $48436848436863178421190$ Commission received $575$

$30$ Inv$309$ Cash $58124258124250542875814576315893$

Cash payments journal of Sun$-$Eaze $$ April CPJ$4$

Date Doc no$.$ Name of payee Fol. Bank Creditors control Trading Inventory VAT input Sundries

Amount Details Fol.

$1459$ Tint Supplies