82 EXERCISE 6.8 The bookkeeper of De Ville Industries (Pty) Ltd attempted to reconcile the firm's cash book for September 2015 with the firm's bank statement for that month but experienced considerable difficulty in doing so. He correctly identified all the relevant information for the bank reconciliation statement but could not draw up the statement. The following was the information required for the preparation of the September bank reconciliation statement R Cheques not yet presented for payment 54 174 (Outstanding cheques) 76 81 219 Balance as per bank statement 4 960 (favourable) Cheque no. 69 recorded twice on bank statement 50 Deposit not credited by bank 1 050 The following information is relevant for reconciliation purposes on 31 October 2015 0 The cash book showed a credit balance of R11 015 at 31 October 2015 and the balance as per the bank statement at 31 October was R4 900 (overdraft). The bookkeeper decided to cancel cheque no. 54 as it was stale. The cheque was for payment to a creditor, J. Small, and the cancellation had not yet been recorded. of the cheques outstanding on 30 September, only cheque no. 81 was presented for payment during October. The deposit not credited by the bank during September was recorded by the bank in October (iv) The following cheques were also outstanding on 31 October: 96 R145 101 R295 The October cash book showed bank charges totalling R65 whereas the bank statement correctly reflected bank charges totalling R106. (vi) A deposit of R6010 shown on the October bank statement had not been recorded in the cash book. The deposit was made by a debtor. C. Williams, who paid the amount directly into the business bank account. (vii) The October bank statement showed a deposit of the incorrect amount. This deposit was correctly recorded in the cash book as R490. (viii) The October bank statement included a cheque for R1 000 drawn on the managing director's personal bank account. The bank acknowledged the error and undertook to take corrective action in November 2015 () ( REQUIRED (a) Prepare the Bank Reconciliation Statement at 30 September 2015. Prepare the continuation of the Cash book for October 2015. (c) Prepare the Bank Reconciliation Statement at 31 October 2015. (b) (31 minutes)