Riley$$s Traders is a registered VAT vendor, and all transactions include $15\%$ VAT unless otherwise specified. The accountant of Riley Traders is in the process of reconciling the Debtors Control account balance with the Debtors List as at $30$ June $2024.$ The balance of the Debtors Control account at $30$ June $2024$ is R$125435$ before any adjustments.

The business has prepared the following Age Analysis at the end of June $2024$:

Debtors Age Analysis of Riley$$s Traders as at $30$ June $2024$

Terms $90$ days$+60$ Days $30$ days Current Total

Atlas Group

$30$ days

$1610$

$7475$

$14310$

$23395$

Benji Traders

Current

$0$

$(1610)$

$2875$

$0$

$1265$

Dawson CC

$30$ days

$0$

$2390$

$5520$

$14600$

$22510$

Ferndale Traders

$30$ days

$0$

$0$

$5175$

$2300$

$7475$

Magnolia Traders

$30$ days

$18400$

$0$

$0$

$0$

$18400$

Rawson Stores

$30$ days

$0$

$1650$

$7800$

$5400$

$14850$

Rivers Wholesalers

$30$ days

$560$

$260$

$15430$

$16250$

TOTALS

$18400$

$4600$

$29105$

$52040$

$104145$

$\%$ of total debt

$18\%$

$4\%$

$28\%$

$50\%$

The accountant has discovered the following adjustments that still need to be processed:

$1.$

The total of the Debtors Control column in the Debtors Journal $($R$345000)$ has been totalled incorrectly and understated by R $2000.$

$2.$

A deposit of R$2390$ was received from Dawson CC but was recorded in the Cash book receipts as being received from Rawson Stores. It was subsequently then posted to Rawson Stores$$ account in the Debtors Ledger and has been aged as a payment of a current invoice.

$3.$

Rivers Wholesalers returned goods during the month and was issued Credit Note CN$3256$ to the value of R$644.$ The credit note was captured in error in the Debtors Journal and posted as a duplicate credit invoice.

$4.$

The accountant queried the $60$ days balance outstanding in Atlas Group$$s account. She discovered that this related to a query from Atlas Group where they disputed receiving the goods. She investigated further and discovered that the goods were for the account of Benji Traders and that the invoice had been posted to the incorrect account in the Debtors Ledger.

$5.$

Riley Traders also makes credit purchases from Ferndale Traders. The balance of Ferndale Traders account in the Creditors Ledger at $30$ June $2024$ was R$8500.$ Ferndale Traders has agreed that the balances in the Creditors and Debtors ledger can be set off. This entry must still be recorded.

$6.$

Riley Traders was informed at the end of June $2024$ that Magnolia Traders has gone into liquidation and only $20$ cents in the rand of the debt outstanding will be recoverable once the liquidation is finalised. The accountant has decided to therefore write off the irrecoverable portion at $30$ June $2024.$ This entry must still be processed.

$7.$

The total of the Debtors Control column of R$15295($before adjustments$)$ in the Debtors Allowance Journal was posted to the incorrect side of the Debtors Control.

$8.$

A deposit of R$8395$ relating to a cash sale was recorded in error in the Debtors Control column instead of the Sales column in the Cash book Receipts. VAT for the transaction was recorded correctly.

Prepare the corrected Debtors List as at $30$ June $2024,$ showing all adjustments. Total the list. You should set out your answer as below.

Debtor

Unadjusted balance

Adjustments

Adjusted Balance

Debit

Credit

Remember to Show all your workings and round all answers to the nearest rand.