2 As an accounts executive of World Class Trading, one of your monthly routine tasks is to prepare a bank reconciliation statement. For August 2021, you have collected the following information: 1. The 'Cash at Bank' account balance is $31,100 as at August 31, 2021. 2. 3. 4. The bank statement as at August 31, 2021, showed a debit balance of $12,550. The banker had wrongly included a cheque (Cheque No: 8888) deposit amounting to $5,000 in World Class Trading's bank account. The cheque should be in favour of Classy Trading Deposits banked in but not shown in the bank statement are amounted to $57,860. The following cheques issued by World Class Trading to its suppliers have not been presented for payments: 5. 6. 7. 8. Cheque No: 6158 6164 $ 7,410 8,000 World Class Trading has given a standing instruction to XYZ Bank for a monthly rental of $8,400 on August 31, 2021. These transactions have not been recorded in the cash book (ledger) yet as it was a public holiday. Bank charges not recorded in the cash book (ledger) amounts to $160. A dividend of $5,360 from investment was credited directly to the bank account on August 20, 2021. The credit advice was only received by mail on September 5, 2021. On August 31, the bank statement showed a dishonoured cheque of $3,000 that a customer, Trusty Trading, had issued. Required: Prepare the 'Cash at Bank ledger account for the month of August 2021 by including all updates and corrections. Show the opening balance of September (a) 2021. I (10 marks) (b) Prepare the bank reconciliation statement as at August 31, 2021