QUESTION THREE The information given below was extracted from the accounting records of Madsen Stores. REQUIRED Complete the Cash Receipts Journal and Cash Payments Journal of Madsen Stores for April 2015. Write down the name of the contra account in the details column. Cast the Journals. Use the following format: BANK RECONCILIATION (20 MARKS) 3.1 Cash Receipts Journal Details Bank Cash Payments Journal Details Bank Post to the Bank account in the General ledger of Madsen Stores. Balance the account. Prepare the Bank Reconciliation Statement as at 30 April 2015. INFORMATION 3.2 3.3 1. A comparison of the bank statement for April 2015, received from Capitek Bank, and the Bank Reconciliation Statement as at 31 March 2015 revealed the following: 1.1 Two cheques that were outstanding on 31 March 2015 did not appear on the bank statement for April 2015: Cheque no. 380 for R1 580 Cheque no. 510 for R7 000 Note: Cheque number 380 is now stale and must be cancelled. The cheque was issued to Bingo Wholesalers for stationery. A replacement cheque will be issued during May 2015. The bank account in the general ledger reflected a debit balance of R5 200 on 31 March 2015. QUESTION THREE The information given below was extracted from the accounting records of Madsen Stores. REQUIRED Complete the Cash Receipts Journal and Cash Payments Journal of Madsen Stores for April 2015. Write down the name of the contra account in the details column. Cast the Journals. Use the following format: BANK RECONCILIATION (20 MARKS) 3.1 Cash Receipts Journal Details Bank Cash Payments Journal Details Bank Post to the Bank account in the General ledger of Madsen Stores. Balance the account. Prepare the Bank Reconciliation Statement as at 30 April 2015. INFORMATION 3.2 3.3 1. A comparison of the bank statement for April 2015, received from Capitek Bank, and the Bank Reconciliation Statement as at 31 March 2015 revealed the following: 1.1 Two cheques that were outstanding on 31 March 2015 did not appear on the bank statement for April 2015: Cheque no. 380 for R1 580 Cheque no. 510 for R7 000 Note: Cheque number 380 is now stale and must be cancelled. The cheque was issued to Bingo Wholesalers for stationery. A replacement cheque will be issued during May 2015. The bank account in the general ledger reflected a debit balance of R5 200 on 31 March 2015