Zodiac sent the following statement of account to a debtor, Antares Stores: ZODIAC GENERAL DEALERS TO: Antares Stores DATE: 28 February 2023 STATEMENT NO: 2/2023 DATE TRANSACTIONS DR CR BALANCE 1/11/2022 Balance 15 700 10/11/2022 Invoice 16 16 680 32 380 2/12/2022 Invoice 28 12 560 44 940 3/12/2022 Credit note 12 1 230 43 710 4/1/2023 Invoice 46 9780 53 490 5/1/2023 EFT 9 291 44 199 Discount 489 43 710 31/1/2023 Interest 19/2/2023 Invoice 65 28/2/2023 Interest 118 15 620 647.60 43 828 59 448 60 095.60 TERMS: 5% discount granted if paid within 30 days of statement date. Debt must be paid within 60 days of statement date. Interest charged at 2% per month on balances 90 days overdue. AGE ANALYSIS 90 DAYS 32 380 60 DAYS 11 330 30 DAYS CURRENT 118 16 267.60 The Independent Institute of Education (Pty) Ltd 2023 Q.3.8 Page 7 of 9 Antares Stores complained that they paid another R10 000 in cash towards their debt so they should not have been charged interest. This payment was not reflecting on their statement. Steven found that his bookkeeper forgot to deposit the cash and enter it in the records. The cash was deposited on the 15th of March 2023. Explain to Antares Stores when this amount will appear on their statement. (1) Q.3.9 Write down in which column on the bank statement (debit/credit) the R10 000 will appear once it has been deposited. (1) Q.3.10 In which journal will the R10 000 be recorded? (1) Q.3.11 Zodiac General Dealers has come to the realisation that interest is not an (4) effective way of getting their debtors to pay. Do you agree or disagree that this has been an effective method to get debtors to pay on time? Provide 2 reasons as to why you agree or disagree Provide 1 alternative method Zodiac General Dealers could use to ensure that Antares Stores pays within 60 days of the statement date.