7.1 The following information has been extracted from the books of Darien Clarke for the July 20x6. Cash book (Bank columns only) $ 20X6 July 01 Balance b/ 08 Cash sales banked 18 L Paul 29 P Cindy $ 20X6 420 July 13 230 19 260 23 310 30 31 1220 M Martin L Master N Patel K Burton Balance c/d 245 165 110 230 470 1220 TOM Coo Bank statement (July20x6) Payments ($) Receipts ($) Balance (5) 20X6 Details 350 July 01 Balance b/l 70 420 02 Error corrected - contra 30 April 230 650 08 Deposit 245 405 16 M Martin 260 665 18 L Paul 260 405 20 Unpaid cheque-L Paul 165 240 22 L Master 40 24 Banker's standing order. Fire Insurance 200 110 26 N Patel 90 31 Dividend (credit transfer) 60 REQUIRED (a) Bring the cash book up to date to show a corrected bank balance as at 31 July 20x6.- (b) Prepare a statement reconciling the corrected cash book balance with the balance shown by the bank statement as at 31 July 20x6. - 150