The bookkeeper for RG Stores is preparing the bank reconciliation statement for the month of April 2020. She noticed that cheque no. 707 for R3 000 that was issued on 30 October 2019 to PK Cleaning Services has been appearing as an outstanding cheque on the RG Stores bank reconciliation statements since November 2019. The validity period of the cheque has now lapsed on 30 April 2020. Which one of the following is the correct alternative on how the bookkeeper will record a cheque that becomes older than its validity period? A. The cheque will be entered on the debit side of the bank reconciliation statement for April 2020 to cancel the original entry in the cash payments journal. B. The cheque will be entered in the cash receipts journal to cancel the original entry in the cash payments journal. c. The cheque will be entered on the credit side of the bank reconciliation statement for April 2020 to cancel the original entry in the cash payments journal. D. The cheque will be entered in the general Journal to cancel the original entry in the cash payments journal. E. The cheque will be entered in the sales returns journal to cancel the original entry in the cash payments journal. Reset Selection