At the end of the second month of trading, the owner of Super Services Pty Ltd prepared the information for a bank reconciliation. The following has been provided:

1. The bank ledger account balance at 30 September 2020 was $54,960 Dr.

2. The bank statement on 31 October 2020 showed a credit balance of $48,230.

3. A comparison between the business records and the bank statement highlighted the following:

Entries in the bank statement, which are not in the companys records, follow:

1. Interest received into the account $140
2. Bank fees and charges $39

Entries in the companys cash journals, which are not recorded in the bank statement, follow:

1. Deposits not appearing in the bank statement $3,420
2. Unpresented cheques No. 31 for $989, No. 29 for $865

Other information

1. Chq no. 96 to a creditor recorded as $160 in the CPJ should be $150 as in the bank statement. That is, there was an error of $10 in the CPJ.
2. Other information reveals the total in the Cash Receipts Journal at 31 October 2020 is $27,695, while the total in the Cash Payments Journal at 31 October 2020 is $32,970.

Required:

1. Update the bank ledger account to reflect all information (i.e., show the updated T-account for Cash at Bank). [6 marks]

Cash receipt journal = .

Cash payment journal = ..

Bank account

Date		Dr	Date		Cr
	Total			Total

2. Prepare the bank reconciliation statement at 31 October 2020. [7 marks]

Super Services Pty Ltd

Bank Reconciliation Statement as at 31 October 2020

Balance as per bank statement
Add:
Less:
Balance as per bank account