Question 2 Sammy Joe Cash Book (Bank columns only) for the month of June 2017 was as follows: $ $ June 1 Balance b/d 5 000 June 9 Wages 16 Cash deposit 700 10 Stationery 500 450 18 M. Panton 800 23 Big D Ltd 1000 20 Rory Richards 2 500 29 Electric Solution 2 680 26 Sadie Jones 1900 30 Sweet Treat Pastry 880 30 Balance c/d 5 390 10 900 10 900 July 1 Balance b/d 5 390 The following Bank Statement was received in June 2017: Payments $ Receipts $ Balance $ June 1 Balance b/d 5 000 5 Standing Order 60 9 Wages 500 4 940 4440 10 Stationery 450 3 990 16 Cash Deposit 700 4 690 18 M. Panton 800 5 490 19 Sara Stamp 570 6 060 20 Dishonoured cheque 480 5 580 21 Bank charges 100 5 480 24 Direct transfers: J. Gordon 300 5 780 30 Sweet Treat Pastry 880 4 900 Required: A. Bring the cash book up to date, starting with balance at June 30, 2017. B. C. (8 marks) Prepare a statement to reconcile the difference between the amended Cash Book balance and the balance in the bank statement on June 30, 2017. (7 marks) Sammy Joe has two (2) chequing accounts at two different commercial banks. The chequing account at BNS has a credit balance of $35 000. The other chequing account at CIBC has a debit balance of $30 000. The manager of Sammy Joe needs to withdraw $15 000 to pay for motor vehicle repairs. Which of the accounts can the manager withdraw the $15 000 without increasing Sammy Joe overdraft at the bank? Give reason for your answer. (5 marks) (Total 20 marks)