Old MathJax webview

Old MathJax webview

Can you please help me with this question, this is one question and all the photos are based on it. all the information needed for it

this is all the information given to us by the lecture to do this question 2 problem, please assist me.

QUESTION 2 You are employed as a bookkeeper for Amaza Traders REQUIRED: 2.1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below. (14) (13) 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please turn over the page NOTE: Amaza Traders has a current bank account at Castie Bank INFORMATION BANK RECONCILIATION STATEMENT AS AT 30 APRIL 2021 DEBIT Gr balance as per bank statement Croutstanding deposit Dr outstanding cheque No. A 599 50 000 B 601 17 400 B 608 100 000 B 609 150 000 B 612 20 000 Dr balance as per cash book 120 000 457 400 CREDIT 345 000 457 400 . 1. A comparison of the April Bank Reconciliation Statement with the barik statement received for May 2021 revealed the following: The outstanding deposit appeared in the bank statement The following cheques had not yet been presented to the bank for payment No. 608 No. 609 No. 612 Cheque no. 599 which was issued on the 18 April 2021 to Jumbo Traders, as part-payment of an account must now be cancelled. This cheque got lost in the post. A new cheque will be issued in June 2021. 2. A comparison of the Cash Book with the Bank Statement received for May 2021 revealed the following differences: 2.1 The bank statement showed a favourable balance of R591 825 on 31 May 2021. 2.2. D. Duma settled her account by depositing a cheque for R5 500 directly into the Current account of Amaza Traders 23 An EFT was made into the firm's current account. R199 900. An investigation revealed that it was the maturity of a fixed deposit at Castle Bank. 2.4 The current account of the business was not yet credited with a deposit of R90 000, which was made on 31 May 2021. 2.5 A credit entry of R18 000 On 19 May 2021 was in respect of a deposit that Amaza Traders made on their account, but it appeared on the business bank Statement 2.6 The bank Statement reflected the following items: . Interest on debit balance Cash deposit fee R 655 1 350 cammertha Service fees 990 Cheque book 550 2. A debat order in favour of insure Brokers is for insurance of vehicle, R8 800. 2 R Rios chegue of R1 250 in payment of her account had been returned by the bank marked R/D insufficient funds. 29 Cheque no. 052 withdrawn by Amaza Traders, out of their current account appears on the business bank statement, R2 750 2.10 Cheque no 018 for R10 500 appeared in the cash book.payments only. 2.11 Issued a cheque no. 609 during May 2021 (dated 31 August 2021) to Wholesale Liquor for purchases of stock. R3 580 2.12 Cheque no. 629 was incorrectly entered on the credit side of the cash book as R35 700 instead of R33 700, as reflected on the bank statement. This cheque was Issued to Vodacom LTD for the May 2021 subscriptions [27] TOTAL MARKS= 100 73] QUESTION 2 You are employed as a bookkeeper for Amaza Traders REQUIRED: 2.1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below. (14) (13) 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please tam over the page 22 NOTE: Amaza Traders has a current bank account at Castle Bank INFORMATION BANK RECONCILIATION STATEMENT AS AT 30 APRIL 2021 DEBIT Cr balance as per bank statement Croutstanding deposit Dr outstanding cheque No. A 599 B 501 B 608 B 609 B 612 Dr balance as per cash book CREDIT 345 000 12400 50 000 17 400 100 000 150 000 20 000 120 000 457 400 457 400 and 1. A companison of the Apni Bank Reconciliation Statement with the bank statement received for May 2021 revealed the following: The outstanding deposit appeared in the bank statement The following cheques had not yet been presented to the bank for payment No. 608 No. 609 No. 612 Cheque no. 599 which was issued on the 18 April 2021 to Jumbo Traders as part-payment of an account must now be cancelled. This cheque got lost in the post. A new cheque will be issued in June 2021. 2. A comparison of the Cash Book with the Bank Statement received for May 2021 revealed the following differences: 2.1 The bank statement showed a favourable balance of R591 825 on 31 May 2021. 2.2. D. Duma settled her account by depositing a cheque for R5 500 directly into the Current account of Amaza Traders. 2.3 An EFT was made into the firm's current account, R199 900. An investigation revealed that it was the maturity of a fixed deposit at Castle Bank 2.4 The current account of the business was not yet credited with a deposit of R90 000, which was made on 31 May 2021. 2.5 A credit entry of R18 000 On 19 May 2021 was in respect of a deposit that Amaza Traders made on their account, but it appeared on the business bank Statement 2.6 The bank Statement reflected the following items: Interest on debit balance Cash deposit fee e turn over the page R 655 1 350 6 Service fees 990 Cheque book 550 2. A debit order in favour of insure Brokers is for insurance of vehicle, R8 800 2. R Rio's cheque of R1 250 in payment of her account had been returned by the bank marked R/D insufficient funds. 20 Cheque no. 052 withdrawn by Amaza Traders, out of their current account appears on the business bank statement. R2 750. 2.10 Cheque no 018 for R10 500 appeared in the cash book-payments only. 3.41 issued a chaque no. 699 during May 2021 (dated 31 August 2021) to Wholesale Liquor for purchases of stock. R3 580 2.12 Cheque no, 620 was incorrectly entered on the credit side of the cash book as R35 700 instead of R33 700, as reflected on the bank statement. This cheque was Issued to Vodacom LTD for the May 2021 subscriptions. [27] TOTAL MARKS= 100 QUESTION 2 You are employed as a bookkeeper for Amaza Traders REQUIRED 2.1 Make the supplementary entries in the Cash Book on the 31 May 2021, from the Information presented below 2.2 Prepare the Bank Reconciliation Statement as at 31 May 2021 Please turn over the page -5- NOTE: Amaza Traders has a current bank account at Castle Bank INFORMATION BANK RECONCILIATION STATEMENT AS AT 30 APRIL 2021 DEBIT CREDIT 345 000 112 400 Cr balance as per bank statement Cr outstanding deposit Dr outstanding cheque: No. A 599 B 601 B 608 B 609 B 612 Dr balance as per cash book 50 000 17 400 100 000 150 000 20 000 120 000 457 400 457 400 1. A comparison of the April Bank Reconciliation Statement with the bank statement received for May 2021 revealed the following: The outstanding deposit appeared in the bank statement. The following cheques had not yet been presented to the bank for payment: No. 608 No. 609 No. 612 Cheque no. 599 which was issued on the 18 April 2021 to Jumbo Traders, as part-payment of an account, must now be cancelled. This cheque got lost in the post. A new cheque will be issued in June 2021. 2. A comparison of the Cash Book with the Bank Statement received for May 2021 reveales the following differences: 2.1 The bank statement showed a favourable balance of R591 825 on 31 May 2021 2.2. D. Duma settled her account by depositing a cheque for R5 500 directly into the Current account of Amaza Traders. 2.3 An EFT was made into the firm's current account, R199 900, An investigation revealed that it was the maturity of a fixed deposit at Castle Bank. 2.4 The current account of the business was not yet credited with a deposit of R90 000, which was made on 31 May 2021. 2.5 A credit entry of R18 000 On 19 May 2021 was in respect of a deposit that Amaza Traders made on their account, but it appeared on the business bank Statement. 2.6 The bank Statement reflected the following items: . Interest on debit balance Cash deposit fee Please turn over the page R 655 1 350 -6- Service fees 990 Cheque book 550 2.7 A debit order in favour of Insure Brokers is for insurance of vehicle, R8 800. 2.8 R Rio's cheque of R1 250 in payment of her account had been returned by the bank marked R/D insufficient funds. 2.9 Cheque no. 952, withdrawn by Amaza Traders, out of their current account appears on the business bank statement, R2 750. 2.10 Cheque no. 618 for R10 500 appeared in the cash book-payments only. 2.11 Issued a cheque no. 699 during May 2021 (dated 31 August 2021) to Wholesale Liquor for purchases of stock, R3 580 2.12 Cheque no. 629 was incorrectly entered on the credit side of the cash book as R35 700 instead of R33 700, as reflected on the bank statement. This cheque was Issued to Vodacom LTD for the May 2021 subscriptions. [27] TOTAL MARKS= 100