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

cashhook.

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 directlv 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 or 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 tor Juv2021

Deposit: EFT 31/7/2021 R980

Deposit: Cash 31/7/2021 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 vet 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 Juv 2021.

Required:

Q.2.1

Show the adjustments as they should be recorded in the general ledger bank account

of Mimosa General Dealers at 31 Julv 2021. Balance the bank account in the general

leager.

A folio column is not required.

Q.2.2

Prepare the bank reconciliation statement as 31 July 2021