The bank columns in the cash book for June 2019 and the bank statement for that month for D. Hogan are as follows:

Dr Cash Book Cr

2019 $ 2019 $

1-Jun Balance b/d 1410 5-Jun L. Holmes 180

7-Jun J. May 62 12-Jun J. Rebus 519

16-Jun T. Wilson 75 16-Jun T. Silver 41

28-Jun F. Slack 224 29-Jun Blister Disco 22

30-Jun G. Baker 582 Jun-30 Balance c/d 1591

2353 2353

Jun-19 Dr Cr Balance

$ $ $

Balance b/d 1410

Cheque 62 1472

F. Lane 180 1292

Cheque 75 1367

J. Rebus 519 848

T. Silver 41 807

Cheque 224 1031

SLM standing order 52 979

Flynn: trader's credit 64 1043

Bank charges 43 1000

a.Prepare an updated cashbook for the month.(8 marks) (CLO 5)

b.Prepare a bank reconciliation statement for the month.(6 marks) (CLO 5)

Describe three (3) objectives of internal control.