Question 3 The following extract from the cash book of Joan for the month of July shows the company's bank transactions: RM RM 01 July Balance b/d 600 18 July Alice 245 13 July Ben 324 28 July TNB 72 31 July Lucy 186 30 July PBA 109 31 July Balance c/d 684 1.110 1.110 The cheque issued to Halim in the month of June is unpresented. The company's bank statement for the same period is as follows: Debit (RM) Credit (RM) Balance (RM) 01 July Balance 635 03 July Halim 35 600 13 July Ben 324 924 23 July Alice 245 679 31 July Standing order 10 669 Required: a. Prepare a corrected cash book using the information given above. b. Draw up a bank reconciliation statement. (8 marks) (3 marks) c. Discuss the purpose of a bank reconciliation. (4 marks)