1. Complete the cash receipts and cash payments journals showing the necessary adjustments. Calculate the new totals for each journal. NB: Assume the business records are correct.
2. Prepare the Cash at Bank Ledger Account as at 31 May, 2021.
3. Prepare a Bank reconciliation statement as at 31 May, 2021.
4. In your own words explain how the preparation of the bank reconciliations assists the internal control of cash for Darven Ltd. Identify at least three (3) key control points of the reconciliation process.

1) Bank reconciliation statement on 30 April 2021: CR Balance as per bank statement $ 38 924.00 CF Add: Outstanding deposit 3 066,00 41 990.00 Les S: Un pre sen ted che que s not deb ited by ban k: No. 07 36 $ 209.00 0741 344.00 551.00 0747 (1 537.00) 0750 433.00 DR Balance as per Cash at Bank account $ 40 453.00 Dr 2) The cash receipts and cash payments journals for the period ending 31 May, 2021 were as follows: Darven Ltd. Cash Receipts Journal Date Particulars May 1 Deposit 6373.00 May 6 Deposit 934.00 Darven Ltd Cash Payments Journal Date Cheque # $ May 2 0756 1 595.00 May 4 0757 27 323.00 May 7 0758 438.00 May 11 Deposit 972.00 0759 977.00 0760 1 295.00 0761 900.00 May 18 May 21 Deposit Deposit 819.00 3 817.00 0762 1 811.00 May 14 May 17 May 20 May 27 May 31 0763 3 991.00 692.00 0764 2004.00 May 25 May 28 May 31 2 667.00 0765 1 375.00 Deposit Deposit Deposit TOTAL TOTAL 41 709.00 593.00 16 867.00 Credit Balance 38 924 CR WAT BANK WICHTOWN Statement of Account -Darven Ltd. Date Particulars Debit 2021 Brought forward May 1 Deposit Cheque 0736 209 Cheque 0750 433 2 Deposit 5 Cheque 0757 27 323 3066 41 348 CR 47 721 CR 6373 20 773 CR 375 934 21 707 CR 21 297 CR 410 977 1925 18 395 CR 972 19 367 CR 238 19 605 CR 819 Investment interest 6 Deposit 7 Dell Insurance 10 Cheque 0759 Cheque 0760 12 Deposit 13 Dividend on BRC shares 18 Deposit Cheque 0762 20 Cheque 0761 Cheque 0763 21 Deposit 25 Deposit 26 Account keeping fee 28 Deposit 29 Cheque 0764 18 613 CR 1811 900 3 991 3 817 692 13 722 CA 17 539 CR 18 231 CR 18 172 CR 20 839 CR 18 835 CR 59 2 667 2004 Darven Ltd Cash Payments Journal Date Darven Ltd. Cash Receipts Journal Date Particulars $ May 1 Deposit 6 373.00 May 6 Deposit 934.00 Cheque # $ 0756 1 595.00 May 2 May 4 May 7 0757 27 323.00 0758 438.00 May 11 Deposit 972.00 0759 977.00 0760 1 295.00 819.00 0761 May 18 Deposit May 21 Deposit 900.00 May 14 May 17 3817.00 0762 1811.00 0763 3991.00 692.00 0764 May 20 May 27 May 31 May 25 May 28 May 31 2004.00 Deposit Deposit Deposit TOTAL 2 667.00 0765 1375.00 593.00 TOTAL 41 709.00 16 867.00