QUESTION 1 a) Bank reconciliation statement Funkytunes is a sole proprietorship that sells music instruments. Funkytunes

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QUESTION 1
a) Bank reconciliation statement
Funkytunes is a sole proprietorship that sells music instruments. Funkytunes uses a perpetual inventory sytem and is registered for VAT rate of 15%. The accountant is busy finalizing some of the accounting records for the month ended 31 January 2020.
The following are excerpts from the financial records of funky tunes for the month ended 31 January 2020;
Bank Reconciliation statement on 31 December, 2019.
Bank statement of Funkytunes for the period of January 2020.
Cash Receipt and Cash Payment Journal for January 2020.
Additional information:
1. Cheque number 191 was made out on 30 june 2019 to a sole proprietorship for stationary but is now outdated.
2. The debit order on 14 january 2020 on the bank statement was for short term insurance taken out by funkytunes.
3. According to the duplicate deposit slip, $3 276 was deposited on 14 january 2020. it relates to sales made.
4. The deposit on 24 January 2020 was a direct deposit made by a debtor, C. Conrad.
5. Cheque number 419 for $550 was issued to pay wages.
6. The totals of the cash receipt and the cash payment journals have already been recorded and all the errors from above mentioned information has been corrected in the bank account in the general ledger. The balance of this account now amounts to $489 242(credit) on 31 January 2020 and can be accepted as correct.
REQUIRED;
1. Prepare the bank reconciliation statement for Funkytunes for the mnth ended 31 January 2020.