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Bank Reconciliation ( 8 marks) been provided You have been asked to prepare the bank reconciliation statement for the month of June 2020 for Smiths Limited. The following information has 1 . Opening general ledger balance for Cash at Bank as at 1 June 2020 is $12,300 Dr 2. Total cash receipts for the month of June is $15,200 3 . Total cash payments for the month of June is $ $8,650. The balance as per bank statement as at 30 June 2020 is $19,989 CR. The following unpresented cheques have been identified Cheque $ 123 $571 127 $1,268 Total $1,839 A deposit made on the 30th June is not on the bank statement as at the end of June this amount is $980. This deposit subsequently appeared on the bank statement on 1 July 2020. The following items have been noted on the bank statement that have not yet been taken up in the general ledger Interest revenue $ 720 Dishonored cheque $170 In addition there was an discrepancy noted with one of the cheques. Cheque 124 appeared on the bank statement as $520, whilst in the cash payment ledger had been recorded as $250. Upon further investigation it was noted to be a transposition error made by the clerk when entering into the cash payment journal. Required: (a) Update the cash at bank T account for the month of June 2020 (b) Prepare the bank reconciliation statement for the month of June 2020