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Question $1$

On $1$ March $2018,$ the bank account of Tatira Traders has a favourable balance of R$13350.$ The provisional totals of the CRJ and CPJ on $31$ March $2018$ are R$3500$ and R$12700$ respectively, while the bank statement showed a credit balance of R$9150$ on the same date. You have identifiedthe following differences between the cash journals and the bank statement:

A deposit of R$4000$ made on $28$ March $2018$ is not shown on the bank statement.

The bank has erroneously debited a stop order for R$500$ against the bank account.

The following cheques issued by the entity have not yet been presented for payment:

$\backslash$table$[[$Cheque No$,$Date,Amount $($R$)],[333,12$ August $2017,1000],[335,21$ March $2018,2100],[340,27$ March $2018,800]]$

Ralph, an account receivable, paid an amount of R$2200$ directly into the entity's bank account. The transaction has not yet been recorded in the entity's books.

The bank debited R$100$ interest to the entity's account.

Cheque No $320$ for R$540,$ issued to Chipo's Limited, was entered as R$5540$ in the CPJ$.$

Bank charges for March $2018$ amount to R$150.$

A cheque for R$1350$ received from Clifford was unpaid and is shown as such on the bank statement.

You are required to:

$1\mathrm{.}1$ Update the cash journals $($bank columns only$)$ in the books of Tatira Traders for the month of March $2018.$

$1\mathrm{.}2$ Prepare the bank account of Tatira Traders for the month of March $2018.$

$(4)$

$1\mathrm{.}3$ Prepare a bank reconciliation statement of Tatira Traders as at $31$ March $2018.$

$(6)$

SUBTOTAL: $[20]$

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