a) b) c) REQUIRED 1. pa 2. 3. Update the cash book. Bring down the updated cash book balance on 30 June 2009. State the bank balance that should be shown in the Statement of financial position at 30 Prepare a bank reconciliation statement at 30 June 2009. June 2009. State whether it is an asset or a liability. The Bank Statement, made up to the same date, was checked against the Cash Book and the The Cash Book of Billy showed that he had a balance of $550 at the bank on 30 September 2012. following discrepancies were revealed: An amount of $90 paid into the bank had not been credited. Dividends due to Billy, amounting to $24, had been received direct by the bank. Interest on deposit account, amounting to $15, had been credited to the current account by the bank in accordance with its usual practice. 4. Cheques totalling $130 had not been presented for payment. 5. The bank had paid a Standing Order payment for an insurance premium for $35. 6. Billy had issued a cheque for $59 but in error had entered it in his Cash Book as $95. Bank Charges for the period to 30 September amounted to $10. 7. REQUIRED a) b) Update the cash book. Bring down the updated cash book balance on 30 September 2012. Prepare a bank reconciliation statement at 30 September 2012. c) State the bank balance that should be shown in the Statement of financial position at 30 September 2012. State whether it is an asset or a liability.