Question $2$

$($Marks: $35)$

Cliff Tools is an online business selling D$-$I$-$Y products to the public. The bookkeeper left the business in May $2024.$ The new bookkeeper, Mrs Naidoo, started on $01$ July $2024.$ The June $2024$ reconciliation was prepared by Miss Baines, the Social Media manager, who did accounting at school a while ago.

Q$\mathrm{.}2\mathrm{.}1$ Mrs Naidoo is now preparing the July $2024$ bank reconciliation and reviewed the June $2024$ reconciliation. She noted that some of the reconciling items on the reconciliation did not appear to be correct. For example, the outstanding deposit DS #$5611$ was deposited on $20$ June $2024$ but was recorded incorrectly as R$21000$ instead of R$21400$ in the cash book receipts.

$\backslash$table$[[$BANK RECONCILIATION STATEMENT FOR JUNE $2024],[,$R$],[$Balance per bank statement $($overdraft$),11500],[$Items in cash journals not on bank statement:,$4500],[$Outstanding deposits: DS #$5621(30/6/2024),21000],[$Outstanding deposit: DS#$5611(20/6/2024),(2600)],[$Outstanding payments: EFT EDD$15478,],[\backslash$table$[[$Stop order: Santam Insurance $($on bank statement but not$],[$in cash book payments journal$)]],620$