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 3 500 1400 640 540 7200 1 400 3. 1 660 The December 2020 cash journals reflected the following differences in comparison with the December 2020 bank statement Deposits not yet entered by the bank Cheques not yet presented for payment: no 1132 - dated 30 December 2020 (XL Suppliers) no 1135 - dated 31 December 2020 (Bright Star Traders) Totals of the cash Journals on 31 December 2020 Cash receipts journal Cash payments journal Unfavourable balance (for Pente Traders) according to the bank statement on 31 December 2020 4 666 9 360 4. 41 390 49 974 5. 2 898 REQUIRED 1.1 Complete the cash receipts and cash payments journals of Pente Traders, bank columns only, at 31 December 2020, (12) 1.2 Prepare the bank account in the general ledger of Pente Traders, properly balanced on 31 December 2020. Each entry must disclose the correct contra ledger account. (7) Prepare the bank reconciliation statement of Pente Traders as at 31 December 2020 Start your answer with the balance as per bank statement (Z) (26) NB Show all calculations [TURN OVER] 1.3 hp 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 3 500 1400 640 540 7200 1 400 3. 1 660 The December 2020 cash journals reflected the following differences in comparison with the December 2020 bank statement Deposits not yet entered by the bank Cheques not yet presented for payment: no 1132 - dated 30 December 2020 (XL Suppliers) no 1135 - dated 31 December 2020 (Bright Star Traders) Totals of the cash Journals on 31 December 2020 Cash receipts journal Cash payments journal Unfavourable balance (for Pente Traders) according to the bank statement on 31 December 2020 4 666 9 360 4. 41 390 49 974 5. 2 898 REQUIRED 1.1 Complete the cash receipts and cash payments journals of Pente Traders, bank columns only, at 31 December 2020, (12) 1.2 Prepare the bank account in the general ledger of Pente Traders, properly balanced on 31 December 2020. Each entry must disclose the correct contra ledger account. (7) Prepare the bank reconciliation statement of Pente Traders as at 31 December 2020 Start your answer with the balance as per bank statement (Z) (26) NB Show all calculations [TURN OVER] 1.3 hp
