The following transactions by Africa Traders occurred during February 2021: The provisional total of the bank column in the Cash receipts journal was R17 732.50 The provisional total the bank column in the Cash payments journal was R23 233.58 A direct deposit to the amount of R3 500.00 made by a client was entered in the correct cash journal as R5 300.00 Debit order in favour of Tshwane Municipality to the amount of R3 780.25 in payment of the water and electricity account SA Traders returned unfit merchandise with a selling price of R1 650.36. SA Traders purchased the merchandise on credit Services delivered for cash to SA Dealers - R1 874.55 Bank charges per the bank statement, R215.35 Interest on a favourable bank balance amounted to R365.40 What will the new total of the bank column in the Cash Payments Journal of Africa Traders at 28 February 2021 be?
The following transactions by Africa Traders occurred during February 2021: The provisional total of the bank column in the Cash receipts journal was R17 732.50 The provisional total the bank column in the Cash payments journal was R23 233.58 A direct deposit to the amount of R3 500.00 made by a client was entered in the correct cash journal as R5 300.00 Debit order in favour of Tshwane Municipality to the amount of R3 780.25 in payment of the water and electricity account SA Traders returned unfit merchandise with a selling price of R1 650.36. SA Traders purchased the merchandise on credit Services delivered for cash to SA Dealers - R1 874.55 Bank charges per the bank statement, R215.35 Interest on a favourable bank balance amounted to R365.40 What will the new total of the bank column in the Cash Payments Journal of Africa Traders at 28 February 2021 be?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following transactions by Africa Traders occurred during February 2021:
- The provisional total of the bank column in the Cash receipts journal was R17 732.50
- The provisional total the bank column in the Cash payments journal was R23 233.58
- A direct deposit to the amount of R3 500.00 made by a client was entered in the correct cash journal as R5 300.00
- Debit order in favour of Tshwane Municipality to the amount of R3 780.25 in payment of the water and electricity account
- SA Traders returned unfit merchandise with a selling price of R1 650.36. SA Traders purchased the merchandise on credit
- Services delivered for cash to SA Dealers - R1 874.55
- Bank charges per the bank statement, R215.35
- Interest on a favourable bank balance amounted to R365.40
What will the new total of the bank column in the Cash Payments Journal of Africa Traders at 28 February 2021 be?
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4. Only show the amount, do not show the R (eg: 12141.72)
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