FIVE On 31 December 2018 the bank column of Calvin's Ltd cash book showed a debit balance of K750. The monthly bank statement written up to 31 December 2018 showed a credit balance of K1, 475. On checking the cash book with the bank statement it was discovered that the following transactions had not been entered in the cash book: Dividends of K120 had been paid directly to the bank. Dr A credit transfer - Customs and Excise VAT refund of K130- had been collected by the bank. pr 5 Bank charges k15. er A direct debit of K35 for the RAC subscription had been paid by the bank. add A standing order of K100 for Calvin's Ltd loan repayment had been paid by the bank. Calvin's Ltd deposit account balance of k700 was transferred into his bank current account. A further check revealed the following items: er er Dr CS CamScanner Two cheques drawn in favour of Tyson K150 and Floyd K145 had been entered in the cash book but had not been presented for payment. Cash and cheques amounting to K345 had been paid into the bank on 31 December 2018 but were not credited by the bank until 2 January 2019. tess (a) Starting with the debit balance of K750, bring the cash book (bank columns) up to date and then balance the bank account. (10 marks) (b) Prepare a bank reconciliation statement as at 31 December 2018(15 marks)