Question Four On 3 1st December 2021 the cash book of Helen showed a balance at the bank of Sh. Sh8, 100. The bank statement however showed a balance of Sh. 6,700. Going through the bank statementshe found out that: (i) A cheque received from Fatma Ltd on 1st December for Sh.600 and entered into the cash book did not appear on the bank statement (ii) A cheque paid to Emeley Sh.700 on 25 th December had not been presented (iii) A cheque received from Niro on 24th December Sh 600 and entered into the cash book was returned dishonoured. No entry in this regard was recorded I the cash book (iv) Bank charges amounting to Sh 100 had not been entered into the cash book (v) The bank received directly Sh 1000 from Maize Miller as dividends on 18 th December on behalf of Helen (vi) A cheque payment of Sh 2000 to Olivia had been entered in error Sh200 in the cashbook Required (a) Make the necessary entries to update the cash book (4Marks) (b) Prepare a bank reconciliation statement for Helen for the month of December 2021 (6 Marks) (c) Outline the purposes of a bank reconciliation statement. (4 Marks) (d) Outline reasons why bank statement balance may not agree with cash book balance. ( 6 Marks)