Question 2 (Marks: 30) The following information of Mimosa General Dealers for July 2021 has been provided to you: . The debit balance per the bank account at 31 July 2021 was R6 250. . Bank charges of R130 appeared on the bank statement. . . A deposit had been recorded on the bank statement as R620 instead of R820. The deposit slip submitted to the bank had been correctly prepared and recorded in the cashbook. The bank statement showed a deposit of R600, of which Mimosa General Dealers had no details. It was determined that this deposit was from a debtor who had deposited the amount directly into the bank account of the business. A receipt for a payment received from the insurance company of R1 800 was recorded on the incorrect side of the cashbook. The DSTV subscription payable by the business for R90 was one of the debits on the bank statement. An insurance premium direct debit of R300 appeared on the bank statement in July. Upon enquiring with the bank it was determined that the premium should have been recorded on the bank statement of Marigold General Dealers. The following deposits recorded in the July 2021 cashbook did not appear in the bank statement for July 2021: Deposit: EFT 31/7/2021 Deposit: Cash 31/7/2021 R980 R1 090 . In July 2021 the bank corrected an error it had made in June 2021 when it had recorded an EFT made by the business as R138 instead of R318. The EFT was correctly recorded in the cashbook in June 2021. The business earned interest on current account of R200 which has not yet been recorded in the business books. The debit order for R2 000 in favour of JHB Property Management for rent appears on the bank statement in July 2021.