Chris received the bank statement for the month of December 2020 on 6th January 2021. As at 31st December 2020 the bank statement balance was $13,781 whereas the cash book balance was $ 1,860. The accountant investigated the matter and discovered the following discrepancies: 1) Chris had recorded the opening balance of $ 2.100 as a credit instead of a debit. ) During the month of December 2020 some customers had settled their debts amounting to $ 1,500 by depositing the money to the bank account of Chris. 111) Bank charges of S 144 had not been entered in the cash book. iv) Cheques drawn by Chris totaling $2,397 had not yet been presented to the bank. The bank had charged another customer's account with $ 1,287 being a cheque issued by Chris in error. vi) A standing order payment for rent amounting to $ 400 had gone through on 30th December 2020. vii) In the cash book Chris had entered a payment to a creditor of $ 476.4 as $ 746.4 in error. viii) A cheque for $ 455 from a debtor had been returned by the bank marked refer to drawer" but had not been written back into the cash book. ix) A deposit by Chris of $ 610 was credited to another customer's account by the bank in error. The bank had recorded a cheque payment of $ 4,300 as $ 430 in error. Required: a) Prepare a bank reconciliation statement reconciling both the bank statement balance and the cash book balance to the correct cash balance. b) Prepare journal entries to update the cashbook. Chris received the bank statement for the month of December 2020 on 6th January 2021. As at 31st December 2020 the bank statement balance was $13,781 whereas the cash book balance was $ 1,860. The accountant investigated the matter and discovered the following discrepancies: 1) Chris had recorded the opening balance of $ 2.100 as a credit instead of a debit. ) During the month of December 2020 some customers had settled their debts amounting to $ 1,500 by depositing the money to the bank account of Chris. 111) Bank charges of S 144 had not been entered in the cash book. iv) Cheques drawn by Chris totaling $2,397 had not yet been presented to the bank. The bank had charged another customer's account with $ 1,287 being a cheque issued by Chris in error. vi) A standing order payment for rent amounting to $ 400 had gone through on 30th December 2020. vii) In the cash book Chris had entered a payment to a creditor of $ 476.4 as $ 746.4 in error. viii) A cheque for $ 455 from a debtor had been returned by the bank marked refer to drawer" but had not been written back into the cash book. ix) A deposit by Chris of $ 610 was credited to another customer's account by the bank in error. The bank had recorded a cheque payment of $ 4,300 as $ 430 in error. Required: a) Prepare a bank reconciliation statement reconciling both the bank statement balance and the cash book balance to the correct cash balance. b) Prepare journal entries to update the cashbook