QUESTION 2 The following is a summary from the cash book of Messiah Enterprise for November 2020. Cashbook November 1 Bal. b/d Receipts GHS 14,025 Payment 93.700 November 31 Balance c/d 107.725 3,000 GHS 104,725 3.000 107 725 December 1 Balance b/d 1 II. When checking the cash book against the bank statement the following discrepancies were found: Bank charges of GHS 200 shown in the bank statement have not been entered in the cash book. The bank has debited a cheque for GHS 925 in error to the entity's bank account TIL Cheques totaling GHS 2,400 issued by the entity have not yet been presented to the bank for payment. IV. Dividends received of GHS 1,050 have been credited on the bank statement but not recorded in the cash book Cheques received amounting to GHS 12,100 have been entered in the cash book and deposited into the bank account but not yet credited to the company's account by the bank. % VI. A cheque for GHS 425 has been returned by the bank marked "refer to drawer' but no entry relating to this has been made in the books of the company. VII. The opening balance in the cash book should have been GHS 16,275 and not GHS14,025. VIII. The bank statement shows that there is an overdraft at 30th November 2020 of GHS4950. V. Required I. II. Prepare a corrected cash book for Messiah Enterprise Reconcile the corrected cash book balance with the bank statement balance. 16 marks [6 marks] Banks provide a number of services to business organizations. Explain four banking services a business can take advantage of. 18 marks] [Total: 20 Marks