Using the information provided below, reconcile the creditor journal to the supplier statement. Answer the following questions.

1. What is the difference between the statement closing balance and the journal balance?
2. How can you explain the difference?

BSBFIA303A: PROCESS ACCOUNTS PAYABLE AND RECEIVABLE Activity 13 Corner Service Station Date 1 Feb XX 14 Feb XX Docket 15 Feb XX 34604 18 Feb XX 34629 27 Feb XX 34687 29 Feb XX 987652 34598 29 Feb XX Details Opening Balance Vehicle ServiceCorner Service Station Fuel and oilCorner Service Station Fuel and oilCorner Service Station Fuel and oilCorner Service Station Chequepayee Corner Service Station Closing Balance Debit Credit 418.98 Balance 987.65 1,406.63 27.55 1,434.18 48.30 1,482.48 45.00 1,527.48 987.65 539.83 The statement from the Corner Service Station for February: Statement Corner Service Station cnr Main and Side Street Adelaide ph 8123 4567 ABN 88 999 000 222 Period ended: 29 Feb XX 1 Feb XX 4 Feb XX 14 Feb XX 15 Feb XX 18 Feb XX 27 Feb XX 29 Feb XX 34598 34604 34629 34687 Opening Balance Payment received Vehicle Service Fuel and oil Fuel and oil Fuel and oil Closing Balance 1,244.55 256.90 418.98 27.55 48.30 45.00 987.65 1,406.63 1,434.18 1,482.48 1,527.48 1,527.48 smallPRINT 1