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QUESTION FOUR ( 1 5 MARKS ) REQUIRED Using the information presented below: 4 . 1 Calculate the correct totals for the Cash Receipts Journal

QUESTION FOUR
(15 MARKS)
REQUIRED
Using the information presented below:
4.1Calculate the correct totals for the Cash Receipts Journal and Cash Payments Journal on 30 June 2022.(6 marks)4.2Prepare the bank account in the general ledger on 30 June 2022.(4 marks)
4.3Prepare the Bank Reconciliation Statement as at 30 June 2022.(5 marks)
INFORMATION
The following information has been taken from the accounting records of Jumbo Traders.
?1 Extract from the Bank Reconciliation Statement on 31 May 2022
\table[[,Debit,Credit],[Balance per bank account,15600,],[Outstanding deposits,,8800],[Outstanding EFT's:,5900,],[No 175,1750,],[No 231,7350,],[No 240,5500,27300],[No 245,36100,36100],[Balance per bank statement,,],[,,]]
The balance on the Bank statement on 30 June 2022 was R11892(favourable)
The cash journals had the following totals on 30 June 2022, before the Bank Reconciliation was completed:
\table[[Cash receipts,R20420],[Cash payments,R29070]]
The following items appeared on the Bank Statement for June 2022, but not in the cash journals for June 2022
EFT numbers 231 and 240
. Deposit of R8800
A direct deposit of R3500 was made by a tenant for her July 2022 rent.
. Bank charges of R260
A debit card payment of R250 to purchase new windscreen wipers for the vehicle
. Interest on credit balance of R52
The following items appeared in the Cash Journals for June 2022 but not on the Bank Statement
EFT number 260 for stationery bought amounting to R2300
EFT number 261 for petrol for the owner's private vehicle worth R1700
. A deposit of R750 from a customer
The following errors were noted when preparing the Bank Reconciliation Statement for June
EFT number 175 was incorrectly recorded in the Cash Payment Journal for May 2022. The correct amount of R2300 appears on the Bank Statement for June 2022
EFT number 245 was incorrectly recorded in the Cash Payments Journal for May 2022. The correct amount of R10450 appears on the Bank Statement for June 2022
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