Final answer:
To prepare a bank reconciliation and calculate account balances, fill in the given table with export and import data, then find the merchandise balance (export-import) and sum up to get the current account balance.
Step-by-step explanation:
The student's question pertains to preparing a bank reconciliation statement and calculating the merchandise balance and the current account balance. To do this, one would typically compare the company's cash records against the bank statement, identify differences, and make appropriate adjustments. However, the student needs to also consider exports and imports to calculate the current account balance, which involves using the information to fill in a table, summing the columns for Exports, Imports, and Balance, as described in step 10. The final sum in the Balance column indicates the current account balance.
In the context of the student's task, merchandise balance refers to the difference between a country's exports and imports of goods. To arrive at this balance, you would subtract the total imports from the total exports. The broader current account balance includes not only merchandise trade but also services, income, and current transfers. This final number reflects a country's overall trading position with the rest of the world.