1. The firms Cash Book showed a Dr. balance of S$7,522 on 31st January 2004. The Bank statement showed a different balance. The following differences were discovered. 1. A cheque of S$364 issued to a creditor was not reflected in the bank statement. 2. Cheques totalling S$147 deposited on 30th January were not credited. 3. Bank paid S$240 to insurance company per standing order. 4. Bank charges, S$86. 5. A cheque of S$132 from K Sly deposited on 27th January was returned unpaid. This was not recorded in the Cash Book. Questions(Explanation required): 1.Update the Cash Book 2.Prepare a Bank Reconciliation Statement as at 31st January 2004