Question 3 Harry Young's cheque lists the following: Cheque Issued $ Cheque No. Deposit $ 722 20 115 Date Jan 1 4 9 13 14 18 26 28 30 723 724 725 726 727 Items Balance Target Dividends receive Yokohama Tire Co. Mobil Oil Co. Cash Redeem to Red Cross Bright Apartments Cheque 43 58 50 75 275 Balance $ 620 600 715 672 614 564 489 214 2,014 1.800 Harry Young's January bank statement shows the following: S Balance 620 Add: Deposit 115 Debit checks: No. Amount 722 20 723 43 724 68 725 (181) Other charges: Printed cheques 8 Service charge 12 (20) Balance $ 534 *The correct amount for cheque number 724 is 568 . 50 Required: a) Prepare Harry Young's bank reconciliation statement at January 30. (16 marks) b) Describe how a bank account and the bank reconciliation statement helps Harry control the business's cash. (4 marks)