Question 1 IMarks: 201 The following information was taken from the books of Underwood Traders for December 2019 and January 2020 Items appearing on the bank reconciliation statement of Underwood Trades as at 31 December 2019 Bank Reconciliation Statement of Underwood Traders as at 31" December 2019 Details Balance per bank statement (favourable) Outstanding cheques: No CQ221 Amount (R) 405 670 6780 No C0276 12 450 No CQ298 21 560 13 240 18 700 No CQ305 Outstanding deposit: DS205 Correction of bank error on Deposit DS200- amount overstated by Bank Balance per Bank account(favourable) 2 500 367 840 Cheque counterfoils of Underwood Traders-January 2020 Cheque Counterfalno. 3 CO 306 Date Amount (R) 6540 12 CO 307 2410 16 CQ 308 12 500 17 C0309 23 560 20 CQ310 C0311 1470 3 260 21 22 CQ 312 23 CQ313 C0314 26 15 320 27 650 8 950 22.50 103 910 29 C0315 20 0135 2250 Deposit slips of Underwood Traders January 2020 Dane Deposit Slip 5 05206 12 05207 18 D5208 20 DS. 9650 23 D5210 05211 D Balance 393 200 411 9200 Bank Statement from Capital Bank for Underwood Traders January 2020 Description Credit 1 Balance 00276 12450 1 Deposit 3 CONO 650 5 Deposit 7 Correction of error on deposit 2000 7 Month Service fees 1750 12 COMO 2010 40100 43650 15 3620 Debt Order Internetbank 15 320 16 2 900 17 COMO 00298 Deposit 21560 18 154 20 COMO 1670 435 1706 20 4300 Deposit C0313 Deposit COM 22 36 50 23 2000 23 00313 27650 26 Transaction fees 27 CT402 1300 27 CT402 1300 38400 1450 Interest on balance 00:15 29 2250 30 BOHO Debit Order Sky W Debit Order Properties Deposit 970 12800 30 00 30 3700 Additional information 1) Cheque re.C221 is now stale and must be cancelled 23 The bank has recorded here at the correct amount The deposit corresponding with 20 was credited on the bank statement at the correct amount of R15 430. # The bank statement reflects direct deposit R 2406) on 30e, that Moody for his lanuary The debt order of R3 420, reflected on the bank statement was in four of Clint who the business's cellphone provider 6 The direct deposit on 20 January was a dividend received from XY Capital Cheque no CT402 was incorrectly debited to the business bank account # The debt order in four of Sky Wine is in favour of monthly forecast The debt order in favour of B Properties for the business rent experie 10000313 was incorrectly debited twice on the bank statement Required Une the information given above to complete the following for January 2020 2.1.1 Record any differences identified in the bank reconciliation proces supplementary cash book receipts and payments with columns for details and amount. Begin with the total before any amendments. Q.12 Open, post to and balance the bank account in the perenal ledger QuComple the bank reconciliation statement as at January 2020 After you have completed a bank recondition, there can be me reconciled bank statement debit In your own words, explain the difference between a debt order and asto order Question 1 IMarks: 201 The following information was taken from the books of Underwood Traders for December 2019 and January 2020 Items appearing on the bank reconciliation statement of Underwood Trades as at 31 December 2019 Bank Reconciliation Statement of Underwood Traders as at 31" December 2019 Details Balance per bank statement (favourable) Outstanding cheques: No CQ221 Amount (R) 405 670 6780 No C0276 12 450 No CQ298 21 560 13 240 18 700 No CQ305 Outstanding deposit: DS205 Correction of bank error on Deposit DS200- amount overstated by Bank Balance per Bank account(favourable) 2 500 367 840 Cheque counterfoils of Underwood Traders-January 2020 Cheque Counterfalno. 3 CO 306 Date Amount (R) 6540 12 CO 307 2410 16 CQ 308 12 500 17 C0309 23 560 20 CQ310 C0311 1470 3 260 21 22 CQ 312 23 CQ313 C0314 26 15 320 27 650 8 950 22.50 103 910 29 C0315 20 0135 2250 Deposit slips of Underwood Traders January 2020 Dane Deposit Slip 5 05206 12 05207 18 D5208 20 DS. 9650 23 D5210 05211 D Balance 393 200 411 9200 Bank Statement from Capital Bank for Underwood Traders January 2020 Description Credit 1 Balance 00276 12450 1 Deposit 3 CONO 650 5 Deposit 7 Correction of error on deposit 2000 7 Month Service fees 1750 12 COMO 2010 40100 43650 15 3620 Debt Order Internetbank 15 320 16 2 900 17 COMO 00298 Deposit 21560 18 154 20 COMO 1670 435 1706 20 4300 Deposit C0313 Deposit COM 22 36 50 23 2000 23 00313 27650 26 Transaction fees 27 CT402 1300 27 CT402 1300 38400 1450 Interest on balance 00:15 29 2250 30 BOHO Debit Order Sky W Debit Order Properties Deposit 970 12800 30 00 30 3700 Additional information 1) Cheque re.C221 is now stale and must be cancelled 23 The bank has recorded here at the correct amount The deposit corresponding with 20 was credited on the bank statement at the correct amount of R15 430. # The bank statement reflects direct deposit R 2406) on 30e, that Moody for his lanuary The debt order of R3 420, reflected on the bank statement was in four of Clint who the business's cellphone provider 6 The direct deposit on 20 January was a dividend received from XY Capital Cheque no CT402 was incorrectly debited to the business bank account # The debt order in four of Sky Wine is in favour of monthly forecast The debt order in favour of B Properties for the business rent experie 10000313 was incorrectly debited twice on the bank statement Required Une the information given above to complete the following for January 2020 2.1.1 Record any differences identified in the bank reconciliation proces supplementary cash book receipts and payments with columns for details and amount. Begin with the total before any amendments. Q.12 Open, post to and balance the bank account in the perenal ledger QuComple the bank reconciliation statement as at January 2020 After you have completed a bank recondition, there can be me reconciled bank statement debit In your own words, explain the difference between a debt order and asto order