no need for explaining

QUESTION 1 (16 MARKS) Ngwathe Holdings is involved in the construction of greenhouses and the supply of basic farming equipment to individuals planting their own food at home. The accounting officer has presented you with the following information relating to their cash and cash equivalents and have requested your help with the preparation of the bank reconciliation statement for March 2021: 1 The balance per the bank account in the general ledger of Ngwathe Holdings on 28 February 2021 was favourable (debit balance) R3 840 Favourable balance per bank statement on 31 March 2021 R26 733 2 Totals from the cash book in March 2021 Cash payments Cash receipts R27 600 R49 320 3 Upon inspection of the bank statement for March 2021, the following items did not appear in the accounting records of Ngwathe Holdings: 3.1 Bank charges and service fees R369 3.2 Interest eamed R201 3.3 A receivable, P Mtetwa, paid directly into Ngwathe Holdings' Bank account R360 3.4 Payment no. 284 was initiated by Ngongolo Holdings, and not by Ngwathe Holdings. This however appeared incorrectly on Ngwathe Holdings' bank statement R708 3.5 Debit order paid to SANGAM Ltd for monthly insurance R840 3.6 A direct payment previously received from B Moodly, was returned from the bank "unpaid" and dishonoured ("refer to drawer"). R540 4 The following items do not appear on the bank statement: Payment no. 402 512 550 552 554 R 1 500 3 300 240 849 1 524 . . A deposit made on 31 March 2021 for R1704. Payment no. 402 to pay an amount to Vodaplanet for data must be cancelled as it has expired. The correct amount of payment no. 550 was for R2 640 in respect of stationary expenses. . REQUIRED: (a) Prepare the bank account in the ledger for Ngwathe Holdings for March 2021. (b) Prepare the bank reconciliation statement for Ngwathe Holdings on 31 March 2021