The inexperienced bookkeeper of Makupani Traders was having difficulty reconciling the cash book the bank statement at 28 February 2015. He has asked you to assist him and provide you with the following information: BANK RECONCILIATION STATEMENT AT ALIARY 2015 Balance as perbaik sement Ads Outstanding deposits On 29 January 2015 On 30 January 2015 19110 Less Outstanding cheques 7900 sed on 25 July 2014 8160 Balance as per cash book MALLIPALIBADERS CASH BOOKFORLIARY 2015 2015 Feb 4ABC Trade 10 | Cay Trang 14 Motorides 306 Sales 14 Sales Accounts receivable 20 Sales 27 Sales 20 Sales 2015 11 114 2363 18 900 27512 28532 4252 1887 1711094 300 3301 19 Ses expense 22 Invertory 20 Bank charges THE BANK OF THE PEOPLE STATEMENT MAKIPANI TRADERS - FEBRUARY 2015 Debit Credit Feb 8189 Race Cheque Depost Depost Cheque 1600 1870000 5166 OD 13534 21678 28 350 OD 13 Cheve 27400 13 Deco Bank charges rest on verran OD OD 1342 00 8300 12646 28532 376 2 Chege a Decor 22 Debit onder 27 Deposit 28 Dishonoured cheque Bank charges Cheque 8301 33 204 S2 40 2.00 EXERCISE 6.4 (continued) Additional information 1. The deposit on the bank statement on the 14 was a direct deposit made by a debitor using met banking 2. The debit onder on the bank statement on the 22-e is for February's insurance premium 3. Cheque 7900 for R$ 398 in payment of inventory was lost by the supplier. The book included this payment in the amount of cheque 8302 issued to the same supplier 4. The deposit on the bank statement on the 27 was correctly recorded by the bank dert. The the only error made in the cash book 5. The cheque No. 278) for R2 000 on the February bank statement was drawn by the owners personal bank account the bank acknowledged the error and undertook to come this in March 2015 BEQUIRED Calculate the corrected cash book balance at 28 February 2015 Prepare the bank reconciliation statement at 28 February 2015 c) Explain what iemal control function is satisfied by a bank reconciliation The inexperienced bookkeeper of Makupani Traders was having difficulty reconciling the cash book the bank statement at 28 February 2015. He has asked you to assist him and provide you with the following information: BANK RECONCILIATION STATEMENT AT ALIARY 2015 Balance as perbaik sement Ads Outstanding deposits On 29 January 2015 On 30 January 2015 19110 Less Outstanding cheques 7900 sed on 25 July 2014 8160 Balance as per cash book MALLIPALIBADERS CASH BOOKFORLIARY 2015 2015 Feb 4ABC Trade 10 | Cay Trang 14 Motorides 306 Sales 14 Sales Accounts receivable 20 Sales 27 Sales 20 Sales 2015 11 114 2363 18 900 27512 28532 4252 1887 1711094 300 3301 19 Ses expense 22 Invertory 20 Bank charges THE BANK OF THE PEOPLE STATEMENT MAKIPANI TRADERS - FEBRUARY 2015 Debit Credit Feb 8189 Race Cheque Depost Depost Cheque 1600 1870000 5166 OD 13534 21678 28 350 OD 13 Cheve 27400 13 Deco Bank charges rest on verran OD OD 1342 00 8300 12646 28532 376 2 Chege a Decor 22 Debit onder 27 Deposit 28 Dishonoured cheque Bank charges Cheque 8301 33 204 S2 40 2.00 EXERCISE 6.4 (continued) Additional information 1. The deposit on the bank statement on the 14 was a direct deposit made by a debitor using met banking 2. The debit onder on the bank statement on the 22-e is for February's insurance premium 3. Cheque 7900 for R$ 398 in payment of inventory was lost by the supplier. The book included this payment in the amount of cheque 8302 issued to the same supplier 4. The deposit on the bank statement on the 27 was correctly recorded by the bank dert. The the only error made in the cash book 5. The cheque No. 278) for R2 000 on the February bank statement was drawn by the owners personal bank account the bank acknowledged the error and undertook to come this in March 2015 BEQUIRED Calculate the corrected cash book balance at 28 February 2015 Prepare the bank reconciliation statement at 28 February 2015 c) Explain what iemal control function is satisfied by a bank reconciliation