Question 3 Jessica's Cash Book at 31 August 2015 showed a credit balance of $500 at the bank but the Bank Statement of the same date had a debit balance of $1,510. After comparing the Cash Book with the Bank Statement, the following were discovered: (1) The bank had paid out $100 to Neil as a standing order. (1) The bank had received a credit transfer on dividends earned $160 (ii) The bank had erroneously credited $50 into Jessica's account. The $50 was meant for another bank client. (iv) Cheques deposited for $2,000 had not been credited by the bank. REQUIRED: (a) Bring the Cash Book of Jessica up to date showing the new balance brought down to the following month. [10 marks) (b) Prepare the Bank Reconciliation Statement to reconcile the difference. [10 marks) [Total: 20 marks)