To answer this question, please refer to the below information from Performance Question 1

Funds Received

Date	Property	Detail	Name	Amount
2/4/2023	2 Enchanted Street Fantasty Glen Qld 4000	Marketing funds received via direct deposit	Patty & Selma Bouvier	$1500
6/4/2023	9 Magical Mews Fantasty Glen Qld 4000 (Lessor H & M Sampson)	Rent received via eft 9/4/23 to 15/4/23	Michael & Amanda Poppins	$480
6/4/2023	2 Enchanted Street Fantasty Glen Qld 4000 (Seller P & S Bouvier)	Bank cheque (CBA #1234) received for deposit on Property	Vernon Twin	$5000

Payments Made

Date	Property	Detail	Name	Amount
4/4/2023	04 Hayden St Fantasty Glen Qld 4000 (Lessor V.Twin)	Return of overpaid rent	Aurellia Augusta	$250
9/4/2023	9 Magical Mews Fantasty Glen Qld 4000 (Lessor H & M Sampson)	Retic repairs	Ryan's Reticulation	$125
27/4/2023	2 Enchanted Street Fantasty Glen Qld 4000 (Seller P & S Bouvier)	Settlement - transfer of deposit	Phantom Realty General Account	$5000

Refer to Phantom Realty's trust account policy and enter the payments and receipts for April into the Phantom Realty trust accounting system:

Use the appropriate journals (cash receipts and cash payments linked below)

• Folio for P & S Bouvier is 2.7
• Folio for 9 Magical Mews is 2.8
• Folio for V Twin 2 Enchanted Street is 2.9
• Folio for 4 Hayden Street is 2.1
• Folio for Phantom Realty is 3.1

A cash receipts journal can be downloaded here

A cash payments journal can be downloaded here

Here's the feedback:

RW

Rachael Wilschefski

4 Mar, 2024 7:09 PM

Cash Receipts Journal

Row 3 - Folio = 2.9.

Cash Payments Journal

All Folios are incorrect.

What I need is for someone to identify what I need to do with each line here, I've attached both attachments below:

 

Trust Accounting Forms REIQ October 2017 CASH PAYMENTS JOURNAL Date Cheque no. Paid to 4/4/2023 1001 Aurellia Augusta 9/4/2023 107654 Ryan's Reticulation 27/4/2023 1234 Phantom Realty General Account Page | 17 On account of Transaction CPJ Ledger folio Amount Return of Overpaid Rent Phantom Realty Real Estate 3:1 $250.00 Retic Repairs Phantom Realty Real Estate 3:1 $125.00 Settlement transfer of deposit V Twin 2 Enchanted Street 2:9 $5,000.00