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The following information relates to a bank reconciliation of Africa Traders for the month of February 2022: (1) The balance as per the bank account
The following information relates to a bank reconciliation of Africa Traders for the month of February 2022: (1) The balance as per the bank account in the general ledger, before taking the items below into account, was R5 670 unfavourable. (2) Bank charges of R250 on the bank statement have not been entered in the cash payments journal. (3) The bank has credited the bank statement in error with R40 which belongs to another customer. (4) Debit card payments totalling R325 have been correctly entered in the cash payments journal but do not yet appear on the bank statement. (5) Direct deposits received, totalling R545, have been correctly entered in the cash receipts journal from the internet banking notice of payments but have not yet been cleared by the bank. What was the balance as per the bank statement as at 28 February 2022
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