Mr and Mrs Seymour were married on 1 December 20x6. The happy couple returned from their honeymoon
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:
• 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.
Step by Step Answer: