CONFIDENTIAL Page 4 of 8 QUESTION 1 (26 marks)(31 minutes) FUAC03G September 2021 Credit R 12 240 2 400 The following information pertains to Pente Traders, which sels various painting products: 1. Bank reconciliation statement as at 30 November 2020 Debit R Credit balance per bank statement Deposit not yet credited Cheques not yet presented for payment no 867 - dated 23 June 2020 (Donations) 5 000 no 1073 - dated 23 November 2020 (Donations) 10 000 no 1098 - dated 30 November 2020 (M Xhosane) 1 960 Credit error on bank statement Credit balance per bank account 16 960 2 The bank statement for December 2020 reflected the following items which did not appear in the cash journals for December 2020 Correction of error Deposit credited Cheque no 1073 Dishonoured cheque from debtor LM Saayman Cheque no 10 issued by another client of the bank Bank charges... Interest on bank overdraft Debit order for insurance premium Direct deposit by debtor R Small 3 The December 2020 cash journals reflected the following differences in comparison with the December 2020 bank statement Deposits not yet entered by the bank 560 1760 16 960 R 560 2 400 10 000 3 500 1 400 640 540 7 200 1400 1 660 hp use CONFIDENTIAL Page 4 of 8 QUESTION 1 (26 marks)(31 minutes) FUAC03G September 2021 Credit R 12 240 2 400 The following information pertains to Pente Traders, which sels various painting products: 1. Bank reconciliation statement as at 30 November 2020 Debit R Credit balance per bank statement Deposit not yet credited Cheques not yet presented for payment no 867 - dated 23 June 2020 (Donations) 5 000 no 1073 - dated 23 November 2020 (Donations) 10 000 no 1098 - dated 30 November 2020 (M Xhosane) 1 960 Credit error on bank statement Credit balance per bank account 16 960 2 The bank statement for December 2020 reflected the following items which did not appear in the cash journals for December 2020 Correction of error Deposit credited Cheque no 1073 Dishonoured cheque from debtor LM Saayman Cheque no 10 issued by another client of the bank Bank charges... Interest on bank overdraft Debit order for insurance premium Direct deposit by debtor R Small 3 The December 2020 cash journals reflected the following differences in comparison with the December 2020 bank statement Deposits not yet entered by the bank 560 1760 16 960 R 560 2 400 10 000 3 500 1 400 640 540 7 200 1400 1 660 hp use