Q.1.1 Record any differences identified in the bank reconciliation process in a supplementary cashbook receipts and payments with columns for details and amount. Begin with the totals before any amendments. Q.1.2 Open, post to and balance the bank account in the general ledger. Q.1.3 Compile the bank reconciliation statement as at 31 January 2020.
Additional information:
1) Cheque no.CQ221 is now stale and must be cancelled.
2) The bank has recorded cheque CQ311 at the incorrect amount.
3) The deposit corresponding with DS208 was credited on the bank statement at the correct amount of R 15 430.
4) The bank statement reflects a direct deposit (R 24 860) on 30 June, this was from tenant, K. Moody for his January rent.
5) The debit order of R 3 420, reflected on the bank statement, was in favour of Cellfirst who is the business’s cellphone provider.
6) The direct deposit on 20 January was a dividend received from XY Capital.
7) Cheque no CT402 was incorrectly debited to the business bank account.
8) The debit order in favour of Sky Wise is in favour of monthly fibre costs.
9) The debit order in favour of JB Properties is for the business rent expense.
10) CQ313 was incorrectly debited twice on the bank statement.
Required: Use the information given above to complete the following for January 2020:
Q.1.1 Record any differences identified in the bank reconciliation process in a supplementary cashbook receipts and payments with columns for details and amount. Begin with the totals before any amendments.
Q.1.2 Open, post to and balance the bank account in the general ledger.
Q.1.3 Compile the
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