Question 6 (13 marks) At the end of the second month of trading, the owner of Super Services Pty Ltd prepared the information for a bank reconciliation. The following has been provided: 1. The bank ledger account balance at 30 September 2020 was $54,960 Dr. 2. The bank statement on 31 October 2020 showed a credit balance of $48,230. 3. A comparison between the business records and the bank statement highlighted the following: Entries in the bank statement, which are not in the company's records, follow: (i) Interest received into the account $140 (ii) Bank fees and charges $39 Entries in the company's cash journals, which are not recorded in the bank statement, follow: Deposits not appearing in the bank statement $3,420 (ii) Unpresented cheques No. 31 for $989, No. 29 for $865 (i) Other information (i) Chq no. 96 to a creditor recorded as $160 in the CPJ should be $150 as in the bank statement (ii) Other information reveals the total in the Cash Receipts Journal at 31 October 2020 is $27,695, while the total in the Cash Payments Journal at 31 October 2020 is $32,970. Required: (a) Update the bank ledger account to reflect all information (i.e., show the updated T- account for Cash at Bank). [6 marks] Cash receipt journal = Cash payment journal = Bank account Dr Date Date Cr Total Total (b) Prepare the bank reconciliation statement at 31 October 2020. [7 marks] Super Services Pty Ltd Bank Reconciliation Statement as at 31 October 2020 Balance as per bank statement Add: Less: Balance as per bank account