QUESTION 3 (15 marks) The following information relates to Laundry La Vie for the month ended 31 May 2020: On 31 May 2020 the business bank statement showed a positive balance of R450 000. On the same date, the cash book showed a debit balance of R455 550. After the cashbook entries were compared with the business bank statement, the following differences were identified: A. Items that appear on the business bank statement, but not in the cashbook. An electronic transfer of R28 000 as payment on a creditor's account. A cheque for R8 950 in respect of a client's account is denied. The monthly debit order of R14 230 as payment for the vehicle's instalment. An electronic transfer of R12 000 to pay the bookkeeper's salary. Bank charges of R125. Deposit by a client to pay his bill: R35 792. B. Items appearing in the cash book, but not in the business bank statement. A deposit of R5 000 in May 2020. A cheque (number 121) for the payment of the consumables worth R14 963. An electronic payment to NCIS for a new laptop worth R12 000. REQUIRED: MARKS Record the above transactions in the business bank account in the general ledger for the month ended 31 May 2020. 10 The bank reconciliation statement on 31 May 2020. 5 TOTAL MARKS 15