Please assist Prepare a Trade Payables reconciliation statement as at 31 March and 30 April. DEBTORS STATEMENTJASMINE TRADERSACCOUNT NUMBER: JT00122DATE: 25 APRIL 2021DATE1 April48141517192024Ⓒ The Independent Institute of Education (Pty) Ltd 2022●TRANSACTIONAdditional information:●Invoice 092Invoice 095Receipt 051Credit note 021Invoice 1001Invoice 1005Invoice 1007Invoice 1009●PLANT WORLDDEBIT18826 9973 7846583 100CREDIT246012 840190BALANCE13 18015 06212 602(238)(428)6 56910 35311 01114 111Page 6 of 72022The balance on Plant World's account in the Trade Payables subsidiary ledger of JasmineTraders on 1st March was R3 690. The difference between the statement balance and theTrade Payables subsidiary ledger balance was a result of an EFT payment made on 28February that was not reflected by Plant World.Invoice 1009 reflected on the April statement had not yet been received by Jasmine Traders.Jasmine Traders sent a debit note to Plant World in March for R500, representing thedifference between the price they had verbally agreed on some items purchased and theprice that appeared on the invoice. They still have not negotiated a compromise.A credit note for goods returned in April for R910 appears on the April statement as R190.The credit note has been correctly recorded by Jasmine Traders in April. This is the onlyentry in the creditor's allowances journal for April.Invoice 1005 on the April statement is for Jas Traders, not Jasmine Traders.An invoice for R658 shown on the April statement was for flowers ordered by the owner Mr.Willow for his wedding anniversary. The bookkeeper had not recorded this transaction atall, as the owner had ordered the goods in his own name and not for the business.IGNORE VAT. Jasmine Traders is a home and nursery centre located in Johannesburg.Jasmine Traders is having trouble working out how much they owe Plant World, one of theirsuppliers as at the end of April.You have been provided with the following information:Information summarised from the journals relating to Plant WorldMarch22Payments made by EFTCredit purchasesPurchase returns.Ⓒ The Independent Institute of Education (Pty) Ltd 2022DEBTORS STATEMENTJASMINE TRADERSACCOUNT NUMBER: JT001DATE: 25 MARCH 2021DATE1 Mar358101214TRANSACTIONInvoice 061Receipt 041Invoice 083Invoice 085Invoice 088Receipt 044PLANT WORLDDEBIT3 85013 3405001 2005 6302 6603 850CREDIT8503 850April12 84011 339910BALANCEPage 5 of 720224 5405 7404 89010 52013 18017 03013 180

The trade payable reconciliation is the process that involves comparing balances in two or more sets…

Answered: Please assist Prepare a Trade Payables…

Business

Accounting

Please assist Prepare a Trade Payables reconciliation statement as at 31 March and 30 April.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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