The information was extracted from the records of Hilton Traders for June $2020.$

REQUIRED:

$1\mathrm{.}1$ ?Complete the Cash Journals for June $2020.$

$1\mathrm{.}2$ ?Prepare the Bank Account on $30$ ?June $2020.$

$1\mathrm{.}3$ ?Prepare the Bank Reconciliation Statement on $30$ ?June $2020.$

$1\mathrm{.}4$ ?Provide TWO suggestions that the business can use to prevent a situation like the one experience on $26$ ?May $2020$ ?in the future.

$1\mathrm{.}5$ ?Identify the main problem that is revealed by the previous reconciliation, and list TWO internal control measures to solve this problem.

$1\mathrm{.}6$ ?Refer to the transaction for R$2244.$ ?Provide a possible explanation how this may have occured, and provide advise on how this can be rectified.

INFORMATION:

A$.$ ?Extract from the Bank Reconciliation statement on $31$ ?May $2020$:

$\backslash$table$[[$Outstanding deposits: $17$ ?May $2020,$R$32100],[26$ ?May $2020,7200],[$Outstanding EFT: No$.123,17600],[$EFT: No$.125,6500],[$Unfavourable balance as per bank account,$3456]]$

NOTE:

The outstanding deposit of R$32100$ ?appeared on the June $2020$ ?bank statement.

The outstanding deposit on the $26$ ?May $2020$ ?was reflected as R$5700$ ?on the June Bank statement. Upon enquiry, the bank confirmed that it was because of counterfeit notes included in the total deposit. This was cash received for repair services rendered.

EFT $123$ ?appeared on the Bank Statement for June $2020.$

EFT $125$ ?was a payment to Telkom for the telephone expense.

The EFT appeared as R$1700$ ?on the bank Statement for June $2020.$ ?It would appear that the amount on the Bank Statement is correct.

B$.$ ?Provisional totals from the Cash Journals on $30$ ?June $2020$:

Cash Receipt Journal, R$56200$

Cash Payment Journal, R$67400$