QUESTION 3 (20 MARKS) ECONCILIATION BANK RECONCI tracted from the aucune The following information was extracted REQUIRED accounting records of Swanky Traders. 3.1 Prepare the Bank account in the Ledger information below that would have been each entry. Balance the Bank account. Th le Ledger of Swervy Tradera have been made in the cash account. The Cash Journals "Traders for March 2019 showing the entries from the We Cash Journals. Show clearly the contra account for Journals are not required. Use the following format BANK ACCOUNT 2019 bild Mar 31 Balance 3.2 Prepare the Bank Reconciliation Statements INFORMATION A comparison of the bank statement for March 2010 Ferived from AB Bank, with the Male Journals and the Bank Reconciliation Statement as al 28 February 2019 revealed the following which must be taken into account: 1.1 Cheque numbers 43 and 75 for R600 and R4 000 respectively were not presented for payment at the bank during 28 February 2019. 1.2 A deposit for R1 600 on 28 February 2019 appeared in the Cash Receipts Journal only. 2. The deposit made by Swanky Traders on 28 February 2019, R1 600, was credited in the bank statement for March 2019. Cheque no. 75 did not appear in the Bank statement for March 2019. Cheque no.43, issued to AB Stationers for stationery, has been lost by the payee. A cancellation entry is required in the journals of Swanky Traders. A new cheque will be issued on 01 April 2019 The bank account in the ledger had a credit balance LR 15.500 on 31 March 2019 before the Bank statement was received. bank statement reflected an overdraft of R11 920 on 31 March 2019 5. AB Bank transferred an amount of R1 800 for in Swanky Traders. This has not yet been recor The For interest on fixed deposit into the account of inment purchased was incorrectly recorded in the statement reflected the correct amount of Cheque no. 78 issued to VB Traders for equip Cash Payments Journal as R3 600. The bank sia R2 160