2 The following is a summary of cash book as presented by Champion Lad for the neth of Augu 2020 Receipts Balance sid GHe 14,690 Balance bid 1.540 Payments 20.330 Balance bid GHE 7410 12.629 28.330 5540 13 Ho stren father de An hi All receipts are banked and all payments are made by cheque. On investigation you dovered the following iv. V vi. vii. viii. ix. Bask charges of GHC1360 entered on the bark statement have not been entered in the cash book Cheques drawn amounting to GHC2,670 had not been presented to the bank for payment. Cheques received totalling GHC720 had been entered in the cash book and paid into the bank, but had not been credited by the bank until 3 November A cheque for GHC220 for sundries had been entered in the cash book as a receipt instead of as a payment A cheque received from Betty for GHC800 had been returned by the bank and marked "No funds available. No adjustment has been made in the cash book A standing order for a business rates instalment of GHC1,500 on 30 August had not been entered in the cash book. All dividends received are credited directly to the bank account. During October amounts totalling GHC620 were credited by the bank but no entries were made in the cash book. A cheque drawn for GHC660 for stationery had been incorrectly entered in the cash book as GHC600. The balance brought forward in the cash book should have been GHC7,110, not GHC7,610. Required: a) Show the adjustments required in the cash book. (5 marks) b) Prepare the benk reconciliation statement as at 31" August 2020. (5 marks) c) State and explain any four causes of discrepancies in the bank statement balance and the cashbook balance. (6 marks) (Total 16 marks)