h) The following clients made direct deposits to KA Furniture Stores bank account: i) Mrs K Singh 5 100 Mr S Sithole 4 700 Miss Y Kruger 3 500 On 30 Nov On 30 November 20.6. Naidoo's Catering Service provided a catering service KA Furniture Stores. The bookkeeper issued cheque no 220 for R15 000 to Naidoos rvices on 30 November 20.6. The cheque has not yet been presented for payment Bank charges for the month of May was R250 and interest on overdraft is R120. Mr KA Locker deposited R10 000 on 31 May 20.7 directly into the business bank account to increase his capital contribution. Mr KA Locker went to the bank to deposit R5 000 into his personal bank account trainee bank teller at ABC Bank deposited R5 000 into KA Furniture Stores business account. m) Cheque no 470 for R281 was correctly recorded in the cash payments journal but according to the bank statement received from ABC Bank the amount paid was R218. 12. How would you rectify the error made by the bank for the incorrect amount reflecting on the bank statement of R218 instead of R281 for cheque no 470? (refer to "m" in the above information provided to you) (1) An entry will be made in the cash receipts journal with the difference of R63. (2) An entry will be made in the cash payments journal with the difference of R63. (3) An entry will be made on the credit side of the bank reconciliation statement with the difference of R63. (4) An entry will be made in the general journal with the difference of R63. (5) An entry will be made on the debit side of the bank reconciliation statement with the difference of R63. 3. Where would you record cheque no 220 which was not yet presented for payment? (refer to "" in the above information provided to you) (1) An entry will be made in the cash payments journal of R15 000 as a cancelled cheque. (2) An entry will be made in the cash payments journal of R30 000 as a cancelled cheque. (3) An entry will be made in the cash receipts journal of R30 000 as a cancelled cheque. (4) A entry will be made on the credit side of the bank reconciliation statement with R15 000. (5) An entry will be made in the cash receipts journal of R15 000 as a cancelled cheque. h) The following clients made direct deposits to KA Furniture Stores bank account: i) Mrs K Singh 5 100 Mr S Sithole 4 700 Miss Y Kruger 3 500 On 30 Nov On 30 November 20.6. Naidoo's Catering Service provided a catering service KA Furniture Stores. The bookkeeper issued cheque no 220 for R15 000 to Naidoos rvices on 30 November 20.6. The cheque has not yet been presented for payment Bank charges for the month of May was R250 and interest on overdraft is R120. Mr KA Locker deposited R10 000 on 31 May 20.7 directly into the business bank account to increase his capital contribution. Mr KA Locker went to the bank to deposit R5 000 into his personal bank account trainee bank teller at ABC Bank deposited R5 000 into KA Furniture Stores business account. m) Cheque no 470 for R281 was correctly recorded in the cash payments journal but according to the bank statement received from ABC Bank the amount paid was R218. 12. How would you rectify the error made by the bank for the incorrect amount reflecting on the bank statement of R218 instead of R281 for cheque no 470? (refer to "m" in the above information provided to you) (1) An entry will be made in the cash receipts journal with the difference of R63. (2) An entry will be made in the cash payments journal with the difference of R63. (3) An entry will be made on the credit side of the bank reconciliation statement with the difference of R63. (4) An entry will be made in the general journal with the difference of R63. (5) An entry will be made on the debit side of the bank reconciliation statement with the difference of R63. 3. Where would you record cheque no 220 which was not yet presented for payment? (refer to "" in the above information provided to you) (1) An entry will be made in the cash payments journal of R15 000 as a cancelled cheque. (2) An entry will be made in the cash payments journal of R30 000 as a cancelled cheque. (3) An entry will be made in the cash receipts journal of R30 000 as a cancelled cheque. (4) A entry will be made on the credit side of the bank reconciliation statement with R15 000. (5) An entry will be made in the cash receipts journal of R15 000 as a cancelled cheque