Activity 7.4 Cross check and prepare the Cash Receipts Journal for a service business 1. Go back to Activity 7.2 and check whether the journal cross checks. (1) 2. Use the information below to complete the Cash Receipts Journal of Karabo Cooking School for May 20.5 (8) 3. Close off the journal at the end of the month. (3) Transactions for May 20.5 3 6 The owner, Karabo, increased his capital from R150 000 to R175 000. Receipt no. 742 was issued to him. Received R5 600 for a cooking class held during the week. 12 The Bank Statement showed that R450 interest had been earned on the current account and a customer had deposited R1,000 into the account. 15 According to the cash register roll R500 was received for cooking classes held. 21 Received a cash refund for unwanted stationery from Smith Stationers for R400. 28 Received cash for services provided for R1 400. The tenant Freshly Ground paid R3 100 for rent. A receipt was issued.​