Prepare a Bank Reconciliation The Bank Statement for the month of January is provided below. BANK BANK PTY LIMITED BANK STATEMENT ACCOUNT NAME: SELLIT REAL ESTATE AGENCY TRUST ACCOUNT ACCOUNT NUMBER: 954321 AS AT 31 JANUARY 2019 Date Description Debit Credit Balance 1/1/2019 Opening Balance $98,000 1/1/2019 Rentalot $25,000 $123,000 4/1/2019 Chq 300 $8,000 $115,000 9/1/2019 U. Lucky rent $1,500 $116,500 10/1/2019 Chq 302 $10,750 $105,750 10/1/2019 Chq 301 750 $105,000 18/1/2019 Chq 303 $12,000 $93,000 18/1/2019 Cha 304 $38,000 $55,000 20/1/2019 B Good $25,000 $80,000 20/1/2019 Westpac IBD $25,000 $55,000 23/1/2019 O. Time rent $1,000 $56,000 23/1/2019 O. Time bond $2,000 $58,000 23/1/2019 Dishonoured $1,000 $57,000 24/1/2019 O Time $1,035 $58,03524/1/2019 0 Time $1,035 $58,035 31/1/2019 Westpac IBD $25,220 $83,255 Bank Reconciliation The bank reconciliation is prepared to verify the cashbook against the bank statement. It will prove the reliability of the trial balance and may show any errors, omissions or transpositions that have occurred: To prepare a Bank Reconciliation: 0 get your bank statement and find the balance 0 Then go through all the payments and receipts in the cash books and tick off on both the cashbooks and the bank statement all transactions. We do this to see if there are any outstanding deposits or unpresented cheques. List any unpresented cheques and calculate the total and then List any outstanding deposits. Go to your trust Ledgers and look at balance of balances brought forward from previous month 0 Review your cash book balances for receipts and payments and ADD in receipts and DEDUCT any payments BANK RECONCILIATION OF SELLIT REAL ESTATE AGENCY TRUST ACCOUNT AS AT 315t jAN UARY, 2019 Balance Brought Fonlvard from December 2018. $ 98,000 Plus: January Receipts Less: January Payments Bank statement as at 31/1/19 Less: Unpresented Cheques: Plus: Outstanding deposits