This information appears in the accounting records of Tech Traders:
1 Bank account:

Debit balance on 1 June 20x9 is R1 800.

2

3.

4 Bank statement of Tech Traders:

Note
• The unpaid cheque (UN) was received from M. Mason on 14 June and dishonoured on account of insufficient funds.

• The deposit of R360 on 29 June was rent paid directly into the current bank account of

Tech Traders by Protea Florists.

• The stop order for R110 was the annual insurance premium paid to Unie Insurers.

You are required to:

1. Compare the bank statement with the cash receipts journal and cash payments journal and make supplementary entries in both journals. Show only the bank columns.

2. Close off the journals and post only to the bank account in the general ledger. Then balance the bank account.

3. Prepare a bank reconciliation statement on 30 June 20x9 to reconcile the balance of the bank account with that of the bank statement.

Transcribed Image Text:

CASH RECEIPTS JOURNAL OF TECH TRADERS - JUNE Sales Rec. Day Details Fol. 301 7 F. Fuller ARL2 CRT Sales 302 13 M. Mason CRT Sales 303 21 B. Boyce CRT Sales 28 Sales 30 Sales CRT CRT ARL3 ARL1 Bank 120 00 3 648 00 3 200 00 154 00 3 078 00 200 00 2 120 00 2 416 80 3 249 00 115 40 2 850 00 3 610 00 16 981 20 14 480 00 2 700 00 VAT Accounts Interest output receivable expense 125 00 (061) (439) 448 00 (098) 378 00 (123) 296 80 399 00 505 40 2 024 38 162 00 210 00 497 00 (702) (877) CRJ6 Cost of sales 2 200 00 1 900 00 1 620 00 2 050 00 2 840 00 (2018) 10 610 00