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Dashboard / My courses / FAC1502-26-EX06A / Welcome Message / FAC1502-Exam May/June 2026
Time left 1:01:32
,Question 1
Incomplete answer
Marked out of 20.00
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You have been asked to assist with the preparation of the cash receipts journal, cash payments journal, and the bank reconciliation
statement/ ofMy
Dashboard Thembi Traders
courses for the month ended
/ FAC1502-26-EX06A / 30 April 2026.
Welcome Thembi
Message / Traders consistently
FAC1502-Exam maintains
May/June 2026a favourable bank balance
because it does not have an overdraft facility. You have been provided with the following information to assist with your work. Thembi
Traders is not a registered VAT vendor and uses the periodic inventory system
Review of March 2026 reconciling items using the April 2026 bank statement:
Your comparison of the March 2026 bank reconciliation statement with the bank statement for the month ended 30 April 2026 revealed
the following:
(a) The 31 March 2026 bank balance as per the bank account in the general ledger was R6 330.
(b) Payment no 41 for R1 670 in favour of KK Sams dated 02 March 2026 was recorded in the cash payments journal. It appeared
twice on the April bank statement.
(c) Payment no 91 for R600 dated 05 March 2026 in respect of the debit order in favour of ABC Insurers was cancelled after the
amount had already been entered in the cash payments journal. No correction has been made.
(d) Payment 94 for R1 810 dated 28 March 2026 for AB Wholesalers had still not been processed by the bank as of 30 April 2026.
Additional information for April 2026:
1. The following information was obtained for the month of April:
· Cash Receipts Journal subtotal (bank column) R15 820
· Cash Payments Journal subtotal (bank column) R7 920
2. When comparing the cash journals with the bank statement for April 2026, you identified the following:
(i) Payment no 121 for R1 290 to S Sekhukhune, a creditor, was omitted from the journals.
(ii) A direct deposit of R1 000 from Biyela Spaza Shop in settlement of their account was inadvertently recorded in the cash
payments journal.
(iii) A deposit of R5 000 relating to sales on 29 April 2026 does not appear on the bank statement.
(iv) A debit order in favour of ZBC Bank for the monthly repayment of a loan for R1 770 appeared only on the bank statement
(v) The following only appeared on the bank statement for the month ending 30 April 2026:
· Bank charges R362
· Interest on favourable bank balance R142
(vi) The following payments have not yet been processed by the bank for payment as at 30 April 2026:
· No 105, for R5 900 dated 22 April 2026 to A Kalaka
· No 112 for R3 330 dated 28 April 2026 to S Maloka
(vii) EFT no 102 dated 26 April 2026 issued to Blue Stationers for stationery, for R671 was incorrectly recorded as R617 in the
cash payments journal.
(viii) The bank statement showed a favourable balance of R17 866 on 30 April 2026.
Required:
1. Complete the cash receipts journal and cash payments journal of Thembi Traders for the month ending 30 April 2026
(record details and the bank column only).
2. Prepare the properly balanced/closed-off bank account for the month ending 30 April 2026 in the general ledger of
Thembi Traders (Ensure the account is correctly balanced/closed off).
3. Prepare the bank reconciliation statement as at 30 April 2026.
Instructions for numeric responses:
, 1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to two decimal places after the full stop (eg: 50.56)
3. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in front of the
amount (eg: -1000.01)
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4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any sign (eg: 1000.01)
5. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (eg: 0)
Dashboard / My courses / FAC1502-26-EX06A / Welcome Message / FAC1502-Exam May/June 2026
6. Do not type the amount with any spaces or commas as separators for thousands (eg: 12141.72)
THEMBI TRADERS
CASH RECEIPTS JOURNAL (EXTRACT) - APRIL 2026
Date Details Bank
R
30 April Subtotal
15820
THEMBI TRADERS
CASH PAYMENTS JOURNAL (EXTRACT)- APRIL 2026
Date Details Bank
R
30 April Subtotal
THEMBI TRADERS
GENERAL LEDGER
Dr Bank Account Cr
Date Details Fol Amount Date Details Fol Amount
2026 R 2026 R
Dashboard / My courses / FAC1502-26-EX06A / Welcome Message / FAC1502-Exam May/June 2026
Time left 1:01:32
,Question 1
Incomplete answer
Marked out of 20.00
Dashboard Calendar
You have been asked to assist with the preparation of the cash receipts journal, cash payments journal, and the bank reconciliation
statement/ ofMy
Dashboard Thembi Traders
courses for the month ended
/ FAC1502-26-EX06A / 30 April 2026.
Welcome Thembi
Message / Traders consistently
FAC1502-Exam maintains
May/June 2026a favourable bank balance
because it does not have an overdraft facility. You have been provided with the following information to assist with your work. Thembi
Traders is not a registered VAT vendor and uses the periodic inventory system
Review of March 2026 reconciling items using the April 2026 bank statement:
Your comparison of the March 2026 bank reconciliation statement with the bank statement for the month ended 30 April 2026 revealed
the following:
(a) The 31 March 2026 bank balance as per the bank account in the general ledger was R6 330.
(b) Payment no 41 for R1 670 in favour of KK Sams dated 02 March 2026 was recorded in the cash payments journal. It appeared
twice on the April bank statement.
(c) Payment no 91 for R600 dated 05 March 2026 in respect of the debit order in favour of ABC Insurers was cancelled after the
amount had already been entered in the cash payments journal. No correction has been made.
(d) Payment 94 for R1 810 dated 28 March 2026 for AB Wholesalers had still not been processed by the bank as of 30 April 2026.
Additional information for April 2026:
1. The following information was obtained for the month of April:
· Cash Receipts Journal subtotal (bank column) R15 820
· Cash Payments Journal subtotal (bank column) R7 920
2. When comparing the cash journals with the bank statement for April 2026, you identified the following:
(i) Payment no 121 for R1 290 to S Sekhukhune, a creditor, was omitted from the journals.
(ii) A direct deposit of R1 000 from Biyela Spaza Shop in settlement of their account was inadvertently recorded in the cash
payments journal.
(iii) A deposit of R5 000 relating to sales on 29 April 2026 does not appear on the bank statement.
(iv) A debit order in favour of ZBC Bank for the monthly repayment of a loan for R1 770 appeared only on the bank statement
(v) The following only appeared on the bank statement for the month ending 30 April 2026:
· Bank charges R362
· Interest on favourable bank balance R142
(vi) The following payments have not yet been processed by the bank for payment as at 30 April 2026:
· No 105, for R5 900 dated 22 April 2026 to A Kalaka
· No 112 for R3 330 dated 28 April 2026 to S Maloka
(vii) EFT no 102 dated 26 April 2026 issued to Blue Stationers for stationery, for R671 was incorrectly recorded as R617 in the
cash payments journal.
(viii) The bank statement showed a favourable balance of R17 866 on 30 April 2026.
Required:
1. Complete the cash receipts journal and cash payments journal of Thembi Traders for the month ending 30 April 2026
(record details and the bank column only).
2. Prepare the properly balanced/closed-off bank account for the month ending 30 April 2026 in the general ledger of
Thembi Traders (Ensure the account is correctly balanced/closed off).
3. Prepare the bank reconciliation statement as at 30 April 2026.
Instructions for numeric responses:
, 1. Use a full stop to indicate any decimals (eg: 1000.01)
2. Round off to two decimal places after the full stop (eg: 50.56)
3. An entry in the credit column of the bank reconciliation statement must be indicated by using a negative sign in front of the
amount (eg: -1000.01)
Dashboard Calendar
4. An entry in the debit column of the bank reconciliation statement must be indicated by the amount without any sign (eg: 1000.01)
5. If no amount should be recorded in any of the numeric spaces, please indicate it by filling in a 0 (eg: 0)
Dashboard / My courses / FAC1502-26-EX06A / Welcome Message / FAC1502-Exam May/June 2026
6. Do not type the amount with any spaces or commas as separators for thousands (eg: 12141.72)
THEMBI TRADERS
CASH RECEIPTS JOURNAL (EXTRACT) - APRIL 2026
Date Details Bank
R
30 April Subtotal
15820
THEMBI TRADERS
CASH PAYMENTS JOURNAL (EXTRACT)- APRIL 2026
Date Details Bank
R
30 April Subtotal
THEMBI TRADERS
GENERAL LEDGER
Dr Bank Account Cr
Date Details Fol Amount Date Details Fol Amount
2026 R 2026 R
