PLEASE TURN OVER Question 3 20 Marks The following is a summary of a cash book as presented by George Ltd for the month of October: Receipts Balance c/d 1,469 554 2,023 Balance b/d Payments 761 1.262 2,023 All receipts are banked and all payments are made by cheque On investigation you discover: (1) Bank charges of R136 entered on the bank statement have not been entered in the cash book. (2) Cheques drawn amounting to R267 had not been presented to the bank for payment. (3) Cheques received totaling R762 had been entered in the cash book and paid into the bank, but had not been credited by the bank until 3 November. (4) A cheque for R22 for sundries had been entered in the cash book as a receipt instead of as a payment. (5) A cheque received from K Jones for R80 had been returned by the bank and marked 'No funds available'. No adjustment has been made in the cash book. (6) A standing order for a business rates instalment of R150 on 30 October had not been entered in the cash book (7) All dividends received are credited directly to the bank account. During October amounts totaling R62 were credited by the bank but no entries were made in the cash book. (8) A cheque drawn for R66 for stationery had been incorrectly entered in the cash book as R60. (9) The balance brought forward in the cash book should have been R711, not R761. Required: (a) Show the adjustments required in the cash book. (b) Prepare a bank reconciliation statement as at 31 October