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Question 4 [24] The following information was taken from the books of HobbyX for April 2021 and May 2021: A. Bank Reconciliation Statement of Hobby

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Question 4 [24] The following information was taken from the books of HobbyX for April 2021 and May 2021: A. Bank Reconciliation Statement of Hobby X at 30 April 2021 B. EFT confirmation slips of HobbyX for May 2021 C. Deposit slips of Hobby X - May 2021 D. Bank statement from Standard Rank for HahhiY for Maw ons1 E. Additional information: a. The bank has recorded EFT H760 at the correct amount, R3 600 . b. The deposit corresponding with DEP8772 was credited on the bank statement at the correct amount of R9550. c. The debit order in favour of Gold Digger was not authorised by HobbyX. This has been communicated to the bank and HobbyX will be refunded for the full amount. d. The following were not yet recorded in the Cash Journals of Hobby X : i. Bank charges R450 ii. Interest on the credit balance - R680 iii. Debit order for Renters Mania for the rent - R5 550 e. The opening balance on 1 May 2021 for the bank account in the General Ledger is R15 254. Required: 4.1 Record any differences identified in the bank reconciliation process in the supplementary Cash Receipts Journal and Cash Payments Journal at month end. 4.2 Open, post to and balance the bank account in the General Ledger. 4.3 Compile the bank reconciliation statement as at 31 May 2021

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