Question

6100 Page 2 of Page 3 of 4 Creditors Reconciliation (10 Marks) Rebecca received a Statement in the post from "Trendy Shoes", dated April 2019, stating that she owed an amount of $3 170. According to her calculations, she only owes $1750 She is concerned about this large difference. Required: Study the information below and then answer the questions that follow. Information: & Trendy shoes did not grant the discount of $35 that was recorded in Rebecca's calculation, as the payment was received late b. There is a disagreement over the items that Rebecca returned on 12 April 2019. Rebecca's has a credit note proving that she returned a pair of shoes for $560 The Statement incorrectly says $650 The Statement reflects an invoice for $230, dated 16 April 2019. Rebecca can prove to "Trendy Stores that she was not in town that weekend, so they incorrectly charged her for someone else's purchase. An invoice on 20 April for $450 was incorrectly recorded as a payment by Rebecca A payment made by Rebecca for $425 was not recorded on the Statement received from Trendy Shoes A pair of shoes for $80, which Rebecca had paid cash for was accidentally added into her calculation 3.1 (8) Reconcile the Statement received from "Trendy Shoes with Rebecca's calculation of the amount that she owes Rebecca's Trendy Shoes No. Statement Calculations for Trendy Shoes 3 170 1 750 +85 Balance Total 3.2 Refer to Information b. Should Rebecca inform 'Trendy Shoes' about the error made on 12 April 2019 Proved a reason for your answer. KHS - Dorman Confessions of a Shonahal

Answer 1

Trendy Shoes Robecca's Glculations For Trendy shoes NO Statement 1 Balance . 3170 1750 +35 -110 +90 -830 +450 -485 +8o Tokel. 9405 2405 32 Yes, Rebecca should inform trendy shoes about the enor. made on 12 April 2019. otherwise they might charge more due to this ignorance Scanned with CamScanner