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Use the information provided below to answer questions 12 and 13: On 30 June 2020, the cash receipts journal of Joburg TraderAfter a comparison of the bank statement with the cash journals was done, the following differences were noted: The following12. Dr 2020 Jun Which one of the following is the correct presentation of the bank account in the general ledger of Joburg TrCr Dr 2020 Jun R Jun Balance Total receipts b/d CRJO6 Bank 2020 55 000 120 000 175 000 78 625 30 Total payments Balance CPJ06please help me with number 12 and 13

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Answer #1

(12)

2020

2020

June

1

Balance

b/d

R32500

June

30

Total Payments

CPJ06

$96375

30

Total Receipts

CRJ06

R90000

Balance

c/d

R26125

R122500

R122500

Total Receipts = R52500 (provisional total of receipt) + R37500 (Customer directly deposit into bank)

   = $90000

Total Payments = R65000 (provisional total of payment) + R625 (Monthly bank charges) + R750 (Interest on Bank overdraft) + R30000 (debit order for insurance premium) = $96375

Option (1) is correct

(13) Bank statement balance is R55000 favorable

Hence Balance of Bank statement is used = R55000 credit

Option (4) is correct

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