15 April 2021 Activity 1 Solution
Bank Account
Balance 500 Cash Payment Journal (Given) 4 830
Cash Receipts Journal (Given) 6 230 Insurance 1 100
Debtors control (B Smith) 1 300 Service fee 50
Debtors control (P Pienaar) 3 600 Balance 5 650
11 630 11 630
Balance 5 650
Bank reconciliation statement of cosmopolitan traders for 31 October 2019.
R
Debit/Credit balance as per bank statement 7 010
Deposits not yet credited by bank 1 030
Outstanding payments: (2 420)
No.04 (600)
No.07 (1 500)
No.08 (320)
Debit amount incorrectly credited (4 100 - 1400) (2700)
Credit amount incorrectly debited (EFT No 66) 3 000
Incorrect debit amount (410 -140) (270)
Favorable Balance as per bank account (7 010 + 1 030 – 2 420 – 2 700 + (5 650)
3 000 – 270)
Bank Account
Balance 500 Cash Payment Journal (Given) 4 830
Cash Receipts Journal (Given) 6 230 Insurance 1 100
Debtors control (B Smith) 1 300 Service fee 50
Debtors control (P Pienaar) 3 600 Balance 5 650
11 630 11 630
Balance 5 650
Bank reconciliation statement of cosmopolitan traders for 31 October 2019.
R
Debit/Credit balance as per bank statement 7 010
Deposits not yet credited by bank 1 030
Outstanding payments: (2 420)
No.04 (600)
No.07 (1 500)
No.08 (320)
Debit amount incorrectly credited (4 100 - 1400) (2700)
Credit amount incorrectly debited (EFT No 66) 3 000
Incorrect debit amount (410 -140) (270)
Favorable Balance as per bank account (7 010 + 1 030 – 2 420 – 2 700 + (5 650)
3 000 – 270)
