Table 1 presents the accounting records and bank statement of LMN Limited (LMN) at 30 June 20X9.

Table 1. The accounting records and bank statement of LMN Limited (LMN)Cheques recorded in the cash payments but not yet presented for payment to the bank. 3205The closing balance shown on the bank statement (Cr)8570Cash receipts of 30 June which were deposited on 30 Jun did not appear on the bank statement. 4312

Required:

1. Prepare the bank reconciliation statement at 30 June, 20X9 disclosing the closing balance of cash at bank.

2. Assume the same data as above, but assume further that the closing balance of the bank account shown on the bank statement is $8 570 Dr., i.e., the bank account is overdrawn). Prepare the bank reconciliation statement at 30 June, 20X9 disclosing the closing balance of cash at bank.