Section B - Question 1 Examine the bank statement and cash book (bank columns) data of Allerton provided below. 4 Balance 1,000.56 (401.68) 1,627.84 848.66 519.38 (1.731.15) 2.732.85 BANK STATEMENT Chimney Bank plc All entries complete to: Booths Branch 31 July 2021 A/c No. 19448470 A/c Name: Allerton Date IN OUT July 21 Details 1 Brought forward SO - Perry 1.40224 5 CC 7200 2.029.52 6 Cha 2110 779.18 Cha 2111 329.28 10 Ch 2112 2.250.53 11 CC 7222 4,464.00 12 Cha 2113 2,015.44 14 DD - Berkeley & Co. 1,040.00 14 CC 7300 1,103.23 18 CC 7400 1,642.46 19 Chq 2114 1,174.16 20 SO-Ellis 2,387.52 22 DD - Eon 758.40 24 CC 7500 4,078.72 25 CC 7600 601.58 26 Chq 2115 1,671.44 8 717.41 (322.59) 780.64 - 2,423.10 1.248.94 - (1.138.58) (1,896.98) 2.181.74 2,783.33 1.111.89 28 Chq 2116 569.60 542.29 CC = Counter credit DD = Direct debit SO = Standing order Date Dr July 21 1 11 18 10 24 25 29 Allerton: Cash Book (Bank columns only) Details Date Details July 21 Balance Bld 1,627.84 6 Chq 2110 CC 7222 4,464.00 8 Cha 2111 CC 7400 1,642.46 Chq 2112 CC 7500 4,078.72 12 Chq 2113 CC 7600 601.58 Cha 2114 CC 7700 2,383.42 20 SO-Ellis 26 Ch 2115 28 Cha 2116 29 DD - Phillips SO - Appleton Balance c/d 14.798.03 19 Cr 779.18 329.28 2,250.53 2,015.44 1,174.16 2,387.52 1,671.44 569.60 898.05 679.34 2,043.49 14,798.03 30 Required: a. Prepare the bank reconciliation statement of Allerton as at 31 July 2021 (12 Marks) b. Discuss three purposes and/or uses of the bank reconciliation statement. (3 Marks) Show all workings