b) Carole Stoke receives her April 6 2024, bank statement showing a balance ofR910.55, her cash book balance is R1 002.85.The bank statement shows an ATM charge of R29.20, Overdraft fee of R33.50,earned interest of R2.55, and Carol’s R656.50 refund check which was processedby the SARS and deposited in her account.Carol has two checks that have not cleared-Number 115 for R672.95 and Number116 for R230.60. There is also a deposit in transit for R1 952.65.Required:Prepare Carol’s bank reconciliation for the month of April 2024. (14 marks)
b) Carole Stoke receives her April 6 2024, bank statement showing a balance ofR910.55, her cash book balance is R1 002.85.The bank statement shows an ATM charge of R29.20, Overdraft fee of R33.50,earned interest of R2.55, and Carol’s R656.50 refund check which was processedby the SARS and deposited in her account.Carol has two checks that have not cleared-Number 115 for R672.95 and Number116 for R230.60. There is also a deposit in transit for R1 952.65.Required:Prepare Carol’s bank reconciliation for the month of April 2024. (14 marks)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
b) Carole Stoke receives her April 6 2024, bank statement showing a balance of
R910.55, her cash book balance is R1 002.85.
The bank statement shows an ATM charge of R29.20, Overdraft fee of R33.50,
earned interest of R2.55, and Carol’s R656.50 refund check which was processed
by the SARS and deposited in her account.
Carol has two checks that have not cleared-Number 115 for R672.95 and Number
116 for R230.60. There is also a deposit in transit for R1 952.65.
Required:
Prepare Carol’s bank reconciliation for the month of April 2024. (14 marks)
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