Question 2 The Bank Statement and Cash Book (bank columns only) for Aragorn Elfin for the month of October 2020 are as f

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Question 2 The Bank Statement And Cash Book Bank Columns Only For Aragorn Elfin For The Month Of October 2020 Are As F 1 (77.6 KiB) Viewed 141 times

Question 2 The Bank Statement and Cash Book (bank columns only) for Aragorn Elfin for the month of October 2020 are as follows. Bank Statement Debit $ Credit $ 150 850 2020 Oct 01 Oct 03 Oct 07 Oct 13 Oct 15 Oct 21 Oct 29 Oct 29 Oct 30 Balance T. Simeon Cash sales deposit Vehicle loan Standing order Debit transfer Rent Credit transfer Bank charges 1,700 1,000 825 2.300 Balance $ 900 1,050 1,900 200 (800) (1,625) (3,925) 75 (325) O/D O/D O/D 4,000 400 O/D 2020 Oct 01 Balance b/f Oct 03 T. Simeon Oct 07 Cash sales Oct 24 D. Elwin Oct 31 | Balance cld Cash Book (bank columns only) $ 2020 900 Oct 10 Light & Power Company 150 Oct 13 Vehicle loan 850 Oct 29 Rent 500 1,780 4.180 Nov 1 Balance 180 1,700 2,300 4.180 1,780 a) Prepare the updated Cash book to show the adjusted balance. (3.5 marks) b) Starting with the updated cash book balance, draw up a bank reconciliation statement for Aragorn Elfin for the month of October 2020. (3 marks)