a Dr The following is a summary of Benny Trading's Cash Book for the month of August 2021. Cheque No Cr 2021 2021 S Aug! Balance 4,800 Aug 4 Raymond 121 1.600 3 Rent 3,060 18 King Co. 122 4,268 14 Andy 830 21 Repairs exp 124 1.230 22 Terry 2,400 30 Betty 125 5.100 31 Tim Trading 600 Credit balance 5308 S 90 144 The Bank Statement received for August 2021 showed the following: Payments Receipts Balance 2021 S Aug ! Balance 4.990 2 Error corrected 28 July 4,900 5 Cash 3,060 7,960 6 Cheque 121 1.600 6,360 5 Cheque 120 100 6,260 11 Direct debit - Tax 2.628 3.632 16 Andy 830 4,462 18 Andy - Refer to drawer 830 3.632 21 Standing order 1,180 2,452 23 Cheque 124 1.320 1.132 24 Terry 2,400 3.532 27 Credit transfer - Lee 935 4,467 31 Interest 4,323 Additional information: It was discovered that cheque 124 was entered wrongly in the cash book but correctly in the bank statement. Required: (a) Bring the cash book up to date. Calculate the updated balance on 31 August 2021 and state whether it is a debit or credit balance. (10 marks) (b) Prepare a statement to reconcile the difference between your amended cash book balance and the balance in the bank statement on 31 August 2021. (7 marks) (c) State the amount of the bank balance which would appear in Benny Trading's Statement of Financial Position as at 31 August 2021. (1 mark)