Financial Accounting Basic Principles Assignment

Question 1 of 20 2.0/ 2.0 Points The following transactions by Africa Traders occurred during February 2020: (1). The total of the bank column in the Cash receipts journal was R9 500. (2). The total of the bank column in the Cash payments journal was R7 750. (3). The favourable bank balance in the general ledger amounted to R6 500 on 1 February 2020. (4). A capital contribution of R1 000 was deposited directly into the bank account of Africa Traders. (5). SA Bank returned a cheque of R120, which was received from SA Dealers, as unpaid and marked “R/D”. (6). Bank charges for the month were R180. (7). SA Dealers deposited R550 directly into Africa Traders’ bank account. (8). SA Bank charged interest of R350 on the bank overdraft. (9). Interest of R250 was received on a fixed deposi