ASSIGNMENT $7($QUESTION$)(26$ MARKS$)$

A Botha compared his cash book with the bank statement on $30$ June $20\mathrm{.}0$ and found that the

following three cheques were not cashed:

Cheque no$.$ Date drawn Amount

$1043$ January $20\mathrm{.}0$ R$400$

$11020$ March $20\mathrm{.}0$ R$200$

$11120$ March $20\mathrm{.}0$ R$150$

The following is presented to you and you are requested by Mr A Botha to reconcile his cash

book with the bank statement.

Cash book for July $20\mathrm{.}0$

R Cheque R

July$1$ Balance b$/$f $43001201$ Purchases and VAT $250$

$5$ Sales and VAT $5001216$ Interest expense $55$

$7$ Bill receivable $3201229$ P Louw $410$

$9$ P Botha $14012315$ Salaries $125$

$20$ Sales and VAT $140012418$ Water and electricity

$28$ Rent and VAT $100$ and VAT $80$

$12523$ Insurance and VAT $110$

$12624$ Purchases and VAT $350$

$12730$ Bill payable $95$

R$6760$ R$1475$

Bank statement for July $20\mathrm{.}0$

Debit Credit Balance

July $1$ Balance b$/$f $5050$

$3$ Cheque $1202504800$

Cheque $1111504650$

$5$ Deposit $5005150$

$9$ Cheque $1223104840$

Ledger fees $54835$

Deposit $3205155$

Deposit $1405295$

$16$ Cheque $1231255170$

$20$ Deposit $14006570$

Cheque $1251106460$

$24$ Deposit $1686628$

$30$ Cheque $127956533$

Cheque $121556478$

Commission $36475$

S$/$O $($X Insurers $$ insurance$)1236352$

You also determine that:

$1.$ According to the cheque stub cheque $122$ was drawn for R$410.$

$2.$ The deposit on $24$ July for R$168$ was a deposit by a receivable, P Pienaar.

$3.$ Cheque $104$ was issued to A Louw, a payable.

Required:

$($a$)$ Complete the bank account in the ledger. $($b$)$ Prepare a bank reconciliation statement as at $30$ July $20\mathrm{.}0.(12)$

$(14)$