Marks: 30) Question 1 The information given below was extracted from the accounting records of Cyres Traders for January and February 2014: Bank Reconciliation Statement of Cyres Traders as at 31 January 2014 Balance as per bank statement (unfavourable). Outstanding cheque: CC864 Outstanding cheque: CC1120 Outstanding cheque: CC1121 Outstanding deposit: SL456 Correction of bank error on cheque CC942 where Honest Bank understated the amount of the cheque on the Bank Statement. Balance per bank account. On comparing the Cash Journals for February 2014 and the Bank Reconciliation Statement at 31 January 2014 of Cyres Traders with their bank statement for February 2014, the following was established: 1. The provisional totals for the cashbook (Cash Journals) at 28 February 2014, before any amendments: Cashbook receipts. Cashbook payments. 2. All items appearing in the Bank Reconciliation Statement at 31 January 2014 appeared on the February Bank Statement, except Cheque CC864, (see note 3 below). 3. Cheque CC864, previously made out to Swift Traders is now stale and must be cancelled. 54 737 1198 2396 3594 2 096 2995 ? 129 007 18 371 1198