Question 4 [25] The information presented was extracted from the books of FunFair Traders. Their financial year ends on 28 February 2021. Information A. Bank Reconciliation Statement on 31 January 2021 Debit balance as per bank statement R14 300 Outstanding deposit (25 January 2021] R15 500 Cheques not presented for payment No. 482 R4 500 No. 496 R1 800 Credit - bank error R500 Debit balance as per bank account R4 600 B. Provisional totals from the bank columns of the Cash Journals on 28 February 2021: Cash Receipts Journal, R37 520 Cash Payments Journal, R49 780 . C. . On comparing the bank reconciliation statement for January 2021 with the bank statement for February 2021 the following were noted: The outstanding deposit of R15 500 appeared on the bank statement of February 2021. Cheque number 482 has been presented for payment. . D. . On comparing the bank statement for February 2021 with the Cash Journals for February 2021 the following differences were noted: A deposit of R14 700 made on 28 February 2021 did not appear on the bank statement. Cheque 496, dated 5 August 2020 for a donation to RedCross, still did not appear on the bank statement. The following cheques had not been presented for payment: o No. 505 R3 500 o No. 507 R2 200 o No. 510 R7 000 E. A credit card payment of R5 500 appeared on the bank statement of February 2021 but not in the Cash Payments Journal for February 2021. After investigation it was found that it was a payment by the owner, S. Sunny, for groceries for the business. F. An amount of R2 400 had been debited by the bank to pay the owner's personal telephone account. Question 4 [25] The information presented was extracted from the books of FunFair Traders. Their financial year ends on 28 February 2021. Information A. Bank Reconciliation Statement on 31 January 2021 Debit balance as per bank statement R14 300 Outstanding deposit (25 January 2021] R15 500 Cheques not presented for payment No. 482 R4 500 No. 496 R1 800 Credit - bank error R500 Debit balance as per bank account R4 600 B. Provisional totals from the bank columns of the Cash Journals on 28 February 2021: Cash Receipts Journal, R37 520 Cash Payments Journal, R49 780 . C. . On comparing the bank reconciliation statement for January 2021 with the bank statement for February 2021 the following were noted: The outstanding deposit of R15 500 appeared on the bank statement of February 2021. Cheque number 482 has been presented for payment. . D. . On comparing the bank statement for February 2021 with the Cash Journals for February 2021 the following differences were noted: A deposit of R14 700 made on 28 February 2021 did not appear on the bank statement. Cheque 496, dated 5 August 2020 for a donation to RedCross, still did not appear on the bank statement. The following cheques had not been presented for payment: o No. 505 R3 500 o No. 507 R2 200 o No. 510 R7 000 E. A credit card payment of R5 500 appeared on the bank statement of February 2021 but not in the Cash Payments Journal for February 2021. After investigation it was found that it was a payment by the owner, S. Sunny, for groceries for the business. F. An amount of R2 400 had been debited by the bank to pay the owner's personal telephone account