The bookkeeper of Balamu Enterprises found the following during a bank reconcilation exercise during Apeil 2017: March 2017 Bank statement Outstanding Cheque CC021 Cheque CC0B7 Deposit Cheque CC089 Deposit Cheque CC121 April 2017 Bank statement Outstanding Cheque CC021 Deposit Cheque CC12T R3 560 R12 540 R4 710 R3 60 R4 751 R12 540 R6 450 R1 730 R4 710 Another extract shows the following: Cheques that have not yet been cashed by the payees Date Dated 3 September 2016 Dated 5 November 2016 Dated 6 April 2017 Dated 25 May 2017 Amount R7 500 R3 190 R4 370 R3 960 Item Cheque CC002 Cheque CC005 Cheque CC125 Cheque CC174 NB: It was noted that the Bank statement shoed an unfavourable balance ofR17 540 on 30 April 2017. 1. The bank charged interest on overdraft of R23.67 for the month of April 2017. However, it was erroneously recorded as interest received and must be corrected. 2. Two cheques CC004 and CC007 issued by the business for R3 250 and R1 360 dated 19 September 2016 and 5 December 2016 respectively. had a 6% discount granted on them. The discount was valid only if the two cheques were presented to the bank within a period of three months based on the discount terms agreed. 3. On 1 May 2017, a deposit of R14 391 was made in the Bank account.