The bank columns in the accounting records for January 2021 and the bank statement for that month for Sebastian Jones, a sole trader, are:

Bank Account - (Accounting Records)

2021	Debit		2021	Credit
Jan 6	T Dodds	90	Jan 1	Balance b/d	95
Jan 12	M Jinx	115	Jan 3	S Marks	54
Jan 19	N Butcher	41	Jan 21	A Strong	87
Jan 27	R Fish	220	Jan 25	L Blue cheque	142
Jan 30	P Mango	134 600	Jan 28	Balance c/d	222 600

Bank Statement
		Debit (Dr)	Credit (Cr)	Balance
2020
Jan 1	Balance b/d overdrawn (o/d)			95 (o/d)
Jan 8	S Marks	54		149 (o/d)
Jan 9	T Dodds receipt		90	59 (o/d)
Jan 12	Bank charges	35		94 (o/d)
Jan 15	Standing order: Jog & Sons	80		174 (o/d)
Jan 19	M Jinx receipt		115	59 (o/d)
Jan 24	A Strong	87		146 (o/d)
Jan 25	N Butcher receipt		41	105 (o/d)
Jan 28	Interest received		18	87 (o/d)

Required:

1. Update the accounting records for January 2021 identifying the closing balance as at 31 January 2021.

10 marks

b) Prepare a bank reconciliation statement as at 31 January 2021