No SOCKS Enterprise received the monthly bank statement for December 2021 from Affin Bank. The statement showed as follows: SOCKS Enterprise Bank Account Dec Dec RM Cheque RM 2021 2021 1 Balance b/d 1,020 2 Rental 40007 500 6 Sales 1,500 11 Purchases - Ben 40008 400 10 Sales 600 16 Bills payment 40009 270 25 Sales - Elly 1,800 20 Salaries 40010 29 Commission 1,200 28 Purchases-Chan 40011 770 Insurance 40012 1.200 30 Balance c/d 2.500 28 6,120 6,120 Balance b/d 2,500 Bank Maybank Berhad SOCKS Enterprise: Bank Statement at 31 December 2021 Date Particulars Debits Credits Balance Dec 2021 RM RM RM 1 Balance 1,020.00 Cheque no 40007 500 520.00 Deposit 1500 2,020.00 13 Cheque no 40008 400 1.620.00 13 Direct Deposit 600 2.220.00 14 Cheque no 40009 270 1.950.00 16 Cheque no 40010 1,406 542.00 17 Bank charges 25 517.00 Dividend 255 772.00 Standing order-loan 600 1372.00 HP 20 25 Additional information i Cheque no. 40010 was recorded wrongly in cash book (bank account). i Cheque from Elly deposited was returned by the bank due to an error. Required: (a) Prepare journal entries for adjustments. (b) Update the bank account of SOCKS Enterprise. (c) Prepare the Bank Reconciliation Statement of Socks Enterprise 2 at 31 December 2021 (15 maris)

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