Bank reconciliation statement of Sun-Eaze as at 31 March
Details											Amount
Balance per bank statement											144 313			78
Add outstanding deposits
No. 571											5 527			50
Less outstanding cheques
No. 390											3 158			58
No. 457											6 317			16
No. 458											9 475			72
Add error deposit no. 568 understated on the bank statement											7 896			44
Balance per bank account											138 786			26
PARADIGM BANK Registered Bank. Reg. No. 1941/000063/02 TAX INVOICE/STATEMENT VAT Reg. No. 4276398760 Statement No. 4										107 Adderley Street Cape Town 8000 PO Box 763 Roggebaai 8003 Tel: 021 425 6652 Fax: 021 435 6653 Branch code: 987654
To:	Sun-Eaze Black River Park 2 Fir Street Observatory 7925 VAT No. 4274625091 BUSINESS CHEQUE ACCOUNT ACCOUNT NO. 1874936724
For period: 1 April to 30 April
Date		Details of Transaction	Debit			Credit							Total
1		Balance											144 313.78			Cr
1		Cheque no. 457	6 317.16										137 996.62			Cr
1		Deposit				5 527.50							143 524.12			Cr
1		Correction of error on deposit				7 896.44							151 420.56			Cr
1		Internet and mobile banking fees	734.36										150 686.20			Cr
2		Direct deposit Shades				12 634.30							163 320.50			Cr
3		Cheque no. 459	20 068.70										143 251.80			Cr
5		Cheque no. 460	15 051.50										128 200.30			Cr
6		Deposit				14 046.68							142 246.98			Cr
6		Cheque no. 461	2 574.10										139 672.88			Cr
10		Direct deposit G Grey				6 334.84							146 007.72			Cr
11		Cheque no. 462	23 413.46										122 594.26			Cr
12		Deposit				15 499.78							138 094.04			Cr
13		Debit card fees	301.96										137 792.08			Cr
14		Cheque no. 463	28 430.62										109 361.46			Cr
14		Cheque no. 463	28 430.62										80 930.84			Cr
15		Debit order Watchdog Security	7 896.44										73 034.40			Cr
18		Cheque no. 464	10 034.34										63 000.06			Cr
20		Deposit				7 434.26							70 434.32			Cr
24		Cheque no. 465	18 396.28										52 038.04			Cr
26		Service fees	493.68										51 544.36			Cr
27		Cheque no. 0984	4 579.94										46 964.42			Cr
27		Debit order Get Wired	14 414.48										32 549.94			Cr
28		Cheque no. 466	8 361.94										24 188.00			Cr
29		R/D F Baggins	15 499.78										8 688.22			Cr
30		Interest on current account				1 441.90							10 130.12			Cr

Take note of the following supplementary information:

• Cheque no. 390 was issued six months ago and needs to be cancelled, as it is stale. The amount had initially been paid to Brand Republic for online marketing.
• Shades paid for repairs done for them on the previous day via a direct deposit to the business.
• Cheque no. 461 was correctly recorded in the cash payments journal.
• G Grey settled his outstanding account through a direct deposit to the business on 10 April.
• Cheque no. 463 should only have been debited once on the bank account.
• Watchdog Security, who provides the business with security services, was paid via a monthly debit order.
• Deposit no. 574 on 20 April was incorrectly recorded in the cash receipts journal.
• Cheque no. 0984 was not written out by the business, and should have been debited to a different account.
• The monthly telephone bill was paid to Get Wired by debit order.
• A cheque received from F Baggins for payment of his outstanding account, which had originally been deposited as deposit no. 573, was returned by the bank due to insufficient funds.

Question 1

Complete the cash receipts and cash payments journals with information noted in the bank reconciliation statement, bank statement, and supplementary information.

Note: The transactions currently recorded in the cash journals need not be included in the journals below only record any additional transactions. However, use the transactions above to calculate the totals of the journal columns. The rand symbol (R) is not required. The folio, analysis of receipt, and cost of sales columns may be ignored.

Cash receipts journal of Sun-Eaze April

Date	Doc no.	Details	Bank	Debtors control	Sales	VAT output	Sundries
							Amount	Details
Transactions in the original journals apply but do not have to be re-included here

Cash payments journal of Sun-Eaze - April

Date	Doc no.	Name of payee	Bank	Creditors control	Trading stock	VAT input	Sundries
							Amount	Details
Transactions in the original journals apply but do not have to be re-included here