I have posted this question then got a response to say it's not clear. It actually start on page 36 with the information for questions 12 up to 15.

Hope this is much clearer

Questions 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 the Cheque no 470? PLEASE refer to " M in the screen shot/page 37.

Question 13

Where would you record Cheque no 220 which was not yet presented for payment? REFER to" I in the screen shot on page 37.

Question 14

In which of the following will you record the direct deposit made by the clients of KA Furniture Stores? REFER to "h in the screen shot on page 38.

Question 15

Which of the following represents the correct bank reconciliation statement for May 20.7? REFER to the screen shot on page 38 and page 39 under question 15.

Use the information provided below, for KA Furniture Stores for the month of May 20.7, to answer questions 12 to 15: KA Furniture Stores is a furniture shop operating in Ivory Park. The following information appeared in the accounting records of the business and relates to the month of May 20.7. a) The totals of the cash receipts journal and the cash payments journal was R167 000 and R202 000 respectively. The balance in the bank account in the general ledger of KA Furniture Stores was an unfavourable balance of R40 063 The bank statement of KA Furniture Stores for May 20.7 had a debit balance of R44 970. c) The bookkeeper of KA Furniture Stores compared the cash receipts and cash payments journal for May 20.7 with the bank statement for May 20.7 and she noted the following differences: The following cheques issued in May 20.7 were not yet presented for payment: Cheque no: 456 Cheque no: 460 Cheque no: 467 R 20 000 14 700 9 900 A deposit made on 31 May 20.7, for R65 000 did not reflect on the May 20.7 bank statement The following cheques were recorded as outstanding cheques in April's bank reconciliation statement. Cheque no 436 issued on 31 March 20.7 for R11 900. Cheque no 440 issued on 2 April 20.7 for R14 000. Cheque no 441 issued on 17 April 20.7 for R1 500 Only cheque no 441 was presented for payment in May 20.7. The following debit orders were noted on the bank statement: A debit order to JJ Municipality for R6 500 for the monthly water and electricity account. A debit order to Yourway Insurers for R2 900 for the monthly insurance premium. A debit order to Katara Rental Properties for R9 000 for rent of the current business premises. FAC1502/101/3/2020 ASSIGNMENT 01 (continued) h) The following clients made direct deposits to KA Furniture Stores bank account: Mrs K Singh 5 100 Mr S Sithole 4 700 Miss Y Kruger 3 500 On 30 November 20.6. Naidoo's Catering Service provided a catering service to KA Furniture Stores. The bookkeeper issued cheque no 220 for R15 000 to Naidoo's Catering Services 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. A trainee bank teller at ABC Bank deposited R5 000 into KA Furniture Stores business account. 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 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) 12. (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. 13. 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. OO HUAWEI Mate 20 Pro OO LEICA TRIPLE CAMERA AL ASSIGNMENT 01 (continued) 14. in which of the following will you record the direct deposits made by the clients of KA Furniture Stores? (refer to "h" in the above information provided to you) (1) Cash payments journal. (2) Bank reconciliation statement (3) Cash receipts journal. (4) General journal (5) Sales journal 15. Which of the following represents the correct bank reconciliation statement for May 20.7? (1) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit R 44 970 65 000 Debit balance as per bank statement.... Credit outstanding deposit....... Debit incorrect credit made by the bank.... Debit outstanding cheques no 436..... no 440. no 456 no 460. no 467.. Credit balance as per bank account....... 5 000 11 900 14 000 20 000 14 700 9 900 120 470 55 470 120 470 (2) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit 44 970 65 000 Debit balance as per bank statement... Credit outstanding deposit.. Debit incorrect credit made by the bank.. Debit outstanding cheques no 440. no 456. no 460. no 467 Debit correction of error made by the bank...... Credit balance as per bank account.............. 5 000 11 900 14 000 20 000 14 700 9 900 55 533 120 533 120 533 OO HUAWEI Mate 20 Pro OO LEICA TRIPLE CAMERA AL FAC1502/101/3/2020 (3) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit Debit balance as per bank statement...... R Credit outstanding deposit...... 44 970 Debit incorrect credit made by the bank. 65 000 Debit outstanding cheques 5000 no 436... 11 900 no 440 14 000 no 456. 20 000 no 460 14 700 no 467 9 900 Credit correction of error made by the bank. 63 Credit balance as per bank account... 55 407 120 470 120 470 (4) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Credit Debit R 44 970 65 000 Debit balance as per bank statement.... Credit outstanding deposit....... Debit outstanding cheques no 456... no 460. no 467... Credit balance as per bank account...... 20 000 14 700 9900 24 570 89 570 89 570 (5) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit 44 970 65 000 Debit balance as per bank statement............. Credit outstanding deposit.. Debit outstanding cheques no 436............. no 440............. no 456............. no 460. no 467 Credit balance as per bank account...... 11 900 14 000 20 000 14 700 9 900 50 470 115 470 115 470 END OF ASSIGNMENT 01 FOR FIRST SEMESTER O HUAWEI Mate 20 Pro OO LEICA TRIPLE CAMERA AL september 20 7 will be increased by R100 amount in the trade receivables control account will be increased by 100 use the information provided below for KA Furniture Stores for the month of May 20.7. to answer questions 12 to 15: NA Furniture Stores is a furniture shop operating in Ivory Park. The following intomation appeared in the accounting records of the business and relates to the month of May 2011 a) The totals of the cash receipts journal and the cash payments journal was R167 000 and R202 000 respectively. b) The balance in the bank account in the general Sedger of KA Furniture Stores was an unfavourable balance of R40 063 c) The bank statement of KA Furniture Stores for May 20.7 had a debit balance of RAA 970 The bookkeeper of KA Furniture Stores compared the cash receipts and cash payments journal for May 20.7 with the bank statement for May 20.7 and she noted the following differences d) The following cheques issued in May 20.7 were not yet presented for payment: e) Cheque no: 456 20 000 Cheque no: 460 14 700 Cheque no: 467 9 900 A deposit made on 31 May 20.7. for R65 000 did not reflect on the May 20.7 bark statement The following cheques were recorded as outstanding cheques in April's bank reconciliation statement. Cheque no 436 issued on 31 March 20.7 for R11 900. Cheque no 440 issued on 2 April 20.7 for R14 000 Cheque no 441 issued on 17 April 20.7 for R1 500 Only cheque no 441 was presented for payment in May 20.7. The following debit orders were noted on the bank statement: A debit order to JJ Municipality for R6 500 for the monthly water and electricity account A debit order to Yourway Insurers for R2 900 for the monthly insurance premium A debit order to Katara Rental Properties for R9 000 for rent of the current business premises. be recorded ecreased by - decreased increased FAC1502/10113/2020 ASSIGNMENT 01 (continued) h The following clients made direct deposits to KA Furniture Stores bank account R Mrs K Singh 5 100 Mr S Sithole 4 700 Miss Y Kruger 3 500 by R100 May 20.7. formation 0.7. 000 and On 30 November 20.6. Naidoo's Catering Service prowided KA Furniture Stores. The bookkeeper issued cheque no 220 for R15 000 to Naidoo catering serce Catering Services on 30 November 2016 The chenue has not yet been presented to 30 November 20h cheque no 220 for R15 000 to Naidoo 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 ME 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 busine account 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. 5 was an m) R44 970 5 journal es: 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 4707 (refer to 'm" in the above information provided to you) (1) An entry will be made in the cash receipts lournal 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. bank 13. Where would you record cheque no 220 which was not yet presented for payment? (refer to 7" in the above information provided to you) bank (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. ess 3 ASSIGNMENT 01 (continued) 14. in which of the following will you record the direct deposits made by the clients of NA Furniture Stores? (refer to " in the above information provided to you) (1) Cash payments journal. (2) Bank reconciliation statement (3) Cash receipts journal. (4) General journal (5) Sales journal. (3) K 15. Which of the following represents the correct bank reconciliation statement for May 20.77 (1) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Credit Debit balance as per bank statement....... Credit outstanding deposit.... Debit incorrect credit made by the bank..... Debit outstanding cheques no 436.. Debit R 44 970 65 000 no 440... no 456.. no 460.. no 467.. 5 000 11 900 14 000 20 000 14 700 9 900 Credit balance as per bank account..... 55 470 120 470 120 470 (2) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit 44 970 65 000 Debit balance as per bank statement.... Credit outstanding deposit...... Debit incorrect credit made by the bank. Debit outstanding cheques no 436. no 440. no 456. no 460.. no 467.......... Debit correction of error made by the bank.... Credit balance as per bank account.. 5 000 11 900 14 000 20 000 14 700 9 900 63 120 533 55 533 120 533 (3) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 FAC 1502/101/3/2020 Debit Credit Debit balance as per bank statement.... Credit outstanding deposit. Debit incorrect credit made by the bank. Debit outstanding cheques R 44 970 65 000 5 000 11 900 no 436. no 440. no 456 no 460 no 467 14 000 20 000 14 700 Credit correction of error made by the bank. Credit balance as per bank account... 9 900 120 470 55 407 120 470 (4) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit R 44 970 65 000 Debit balance as per bank statement.... Credit outstanding deposit..... Debit outstanding cheques no 456... no 460. no 467... Credit balance as per bank account...... 20 000 14 700 9 900 89 570 24 570 89 570 (5) KA FURNITURE STORES BANK RECONCILIATION STATEMENT AS AT 31 MAY 20.7 Debit Credit R R 44 970 65 000 Debit balance as per bank statement................ Credit outstanding deposit. Debit outstanding cheques no 440.. no 456. no 460 no 467 Credit balance as per bank account........ 11 900 14 000 20 000 14 700 9 900 50 470 115 470 115 470 END OF ASSIGNMENT 01 FOR FIRST SEMESTER