* TR - Trade receivable # TP-Trade payable Additional information: 1. Two cheques were outstanding as at 28 February 2017: No. 37693 for RM 1,697 and No. 37697 for RM 745. 2. The dishonoured cheque was received from a credit customer, Ramadhan Sdn. Bhd. 3. Cheque No. 37705 for Sinar & Co for other expenses was entered in the cash account as a receipt instead of as a payment. 4. A cheque received from Salam Sdn Bhd for RM 4,997 was wrongly entered by the bank as RM 4,779. 5. The credit memorandum is for collection of note receivable amounted to RM17,400 by the bank on behalf of the company. The bank had deducted RM 30 of collection fee crediting it to company account. 6. All dividends are credited directly to the bank account. No entries have been made in the cashbook during March 2017 7. All receipts are banked and all payments are made by cheque. Required: a) Show necessary adjustments in the Cash Account of Platinum Berhad. (9 marks) b) Prepare the bank reconciliation for the company as at 31 March 2017. (3 marks) c) Briefly explain three advantages of preparing bank reconciliation statement to a business. (3 marks) (TOTAL: 15 MARKS) * TR - Trade receivable # TP-Trade payable Additional information: 1. Two cheques were outstanding as at 28 February 2017: No. 37693 for RM 1,697 and No. 37697 for RM 745. 2. The dishonoured cheque was received from a credit customer, Ramadhan Sdn. Bhd. 3. Cheque No. 37705 for Sinar & Co for other expenses was entered in the cash account as a receipt instead of as a payment. 4. A cheque received from Salam Sdn Bhd for RM 4,997 was wrongly entered by the bank as RM 4,779. 5. The credit memorandum is for collection of note receivable amounted to RM17,400 by the bank on behalf of the company. The bank had deducted RM 30 of collection fee crediting it to company account. 6. All dividends are credited directly to the bank account. No entries have been made in the cashbook during March 2017 7. All receipts are banked and all payments are made by cheque. Required: a) Show necessary adjustments in the Cash Account of Platinum Berhad. (9 marks) b) Prepare the bank reconciliation for the company as at 31 March 2017. (3 marks) c) Briefly explain three advantages of preparing bank reconciliation statement to a business. (3 marks) (TOTAL: 15 MARKS)