Comparing the cashbook columns balance to the balance on the bank statement, Booms Ltd, a jewelries store, detects a discrepancy. The bank column of Booms Ltd.s cashbook showed a favorable balance of GHS37, 500 on 31st January, 2009. The bank statement received on 31st January, 2009 showed a favorable balance of GHS72, 050. Subsequent to thorough examination of both the cash book and the bank statement, the following discoveries were made: a) Cheques drawn in favor of Alex Adjei GHS6, 250 and Albert Wood, GHS7,250 entered in the cash book, had not been presented for payment; b) Cheques received from Osei Wusu GHS17,250 had been paid into the bank on 31st January, 2009 but credited by the bank on 5th February, 2009; c) A standing order of GHS5,000 for Jones Enterprises loan interest payment had been paid by the bank; d) The bank had wrongly charged Booms Ltd.s account of GHS2,500 in error e) The businesss saving account balance of GH35,000 had been transferred into his bank current account; f) VAT refund of GHS6,500 had been collected by the bank; g) Bank charges of GHS750 for the month had been debited to the bank statement; h) Dividend of GHS6,000 from Fan Milk Ghana Ltd. had been paid directly to the bank; i) An amount of GHS1,750 for the Ghana Jewelry Dealers Association dues had been paid by the bank; j) The bank had credited Boom Ltd.s account of GHS1,500 in euros; k) On 14th January, 2009 a cheque for GHS6,300 was received from a customer and paid into the bank. The cheque was in payment of debt of GHS7,000, GHS700 discount having been deducted. GHS7,000 had been entered in the bank column of cash book. You are required to: a) Bring the cash book (bank column) up to date; b) Prepare a bank reconciliation statement as at 31st January 200