The method for completing a bank reconciliation is outlined below. ABC Real Estate Trust Reconciliation Statement 31st January 20XX Trust Cash Journals Balance brought forward from 31st December 20XX $ 150,000.00 Plus Receipts for January $ 415,000.00 $ 565,000.00 Less Payments for January $ 150,000.00 Balance as at 31st January 20XX $ 415,000.00 Trust Bank Statement Balance as per statement 31st January 20XX $ 239,000.00 Plus outstanding deposits $ 176,000.00 $ 415,000.00 Less outstanding payments $ 0.00 Balance as at 31st January 20XX $ 415,000.00 As you can see, after completing the reconciliation, the accounts balance and indicate available trust funds of $415,000. You are required to enter the following transactions into the journals and create appropriate ledger accounts (remembering that some already have an opening balance equal to the previous month's closing balance) and then, using the Bank Statement supplied, complete the bank reconciliation. Transactions: February 8 20XX Received $3000 from Burgess for advertising February 10 20XX Paid ourselves the commission from Francis sale of $17,000 and paid balance of deposit held to the vendor February 18 20XX Received deposit from Zoling of 115,000 for his purchase from Sweeney February 28 20XX Refunded Burgess advertising as he is no longer selling February 28 20XX Received advertising expenses