you are required to:

A) post all adjustments necessary from the information provided in the bank general ledger account of crazy crafts and then balance the account. B) prepare the bank reconciliation for crazy crafts at 28 February 2021 C) Explain,using appropriate definition as per conceptual framework, how you would disclose "bank" in the statement of financial position as at 28 February

195 Crazy Crafts, owned and managed by Mrs P Casso, sells all things crafty to the public and has a 28 February financial year end. Mrs P Casso has asked you to prepare the bank reconciliation for February 2021. The following information is available: 1. The bank statement for February 2021 reflected a closing balance of R8 748 (overdraft). 2. All the reconciling items on the January bank reconciliation appears on the February 2021 bank statement. 3. A printout of the general ledger bank account for February 2021 was provided to you: BANK (SOFP] Date Details Fol Amount Date Details Fol Amount 01 Feb Balance b/d 13 194 28 Fe Cash Payments CPJ 42 444 28 Feb Cash Receipts CRJ 29 445 28 Feb Balance cld 42 639 42 639 01 Mar Balance bld 195 3.1 The February cash receipts journal (CRJ) includes an amount of R5 455, received from a customer on 28 February 2021, but which was only credited by the bank on the 3rd of March 2021. 3.2 The February cash payments journal (CPJ) includes an EFT payment (EFT 257) relating to the purchase of inventory. This EFT payment was recorded as R80. but both the supplier invoice and the February bank statement reflect that the actual amount paid via EFT was R800. 3.3 The February cash payments journal (CPJ) includes the following EFT payments made on the 28 February 2021 which does not appear on the February 2021 bank statements: - EFT 324 for R327, that was made out for the purchase of stationary. EFT 358 for R4 600, that was made out for the purchase of inventory. 4. The following additional items appear on the February 2021 bank statements: A deposit (debit) of R500 which the bank had processed erroneously in Crazy Crafts' bank account instead of Crazy Crabs. A debit order payment for the monthly rent amounting to R5 200. A stop order for the monthly insurance premium amounting to R654. Total bank charges for February 2021 of R341. A debit order for R1 000 that had been received from, A. Artsy bounced due to insufficient funds. A. Artsy sub-leases a part of the shop where she exhibits and sells her craft creations