Mr and Mrs Seymour were married on 1 December 20x6. The happy couple returned from their honeymoon two weeks later. Their joint bank statement arrived in the post the next day.

Mrs Seymour was enjoying a relaxing cup of tea when she heard a roar of anger from the study. She rushed to the room. Two minutes later they had their first fight.

Mrs Seymour had previously told her husband that they had R197 in their joint bank account but the bank statement showed that an amount of R838 was overdrawn.

Mr Seymour is extremely unhappy and now wishes that he had never agreed that he and his wife should close their individual bank accounts and operate a joint current account.

This information is for to the Seymours’ financial affairs:

Additional information:

• Cheque 218 appeared on bank statement 11 (Mrs Seymour’s account).

• Neither Mr Seymour, nor Mrs Seymour, has ever possessed a cheque book numbered from 850–900.

You are required to:

1. Reconcile the amount R110 paid from the joint account to Mrs Seymour’s prior bank account, with her calculation of R648.

2. Reconcile the closing joint account balance with Mrs Seymour’s calculations of R197.

Transcribed Image Text:

Opening balance Transfer Rondebosch a/c number 10089 Mr Seymour Paid Muizenberg a/c number 15064 Mrs Seymour Cheque 001 Cheque 002 Cheque 004 Cheque 006 Cheque 009 Bank charges Interest Bank Statement #001 (Joint account) Details Debit note Stop order Autobank - Durban Autobank - Durban Transfer- ex savings a/c - Mrs Seymour Deposit Deposit Cheque 889 Cheque 890 Cheque 010 Cheque 220 Carried forward Debit Credit 110 90 1 120 310 24 740 10 14 48 92 50 100 200 282 38 400 640 500 650 1 000 Balance 0 640 680 Dr. 990 Dr. 1 014 Dr. 1 754 Dr. 1 764 Dr. 1 778 Dr. 1.826 Dr. 1918 Dr. 1 968 Dr. 2 068 Dr. 1 568 Dr. 918 Dr. 82 118 Dr. 400 Dr. 438 Dr. 838 Dr. 838 Dr.