1- Prepare a bank reconciliation for Riley Sports Inc. for December 31, 2020 from the information above. (10 marks)

2- Record the necessary journal entries from the following bank reconciliation information for December 31, 2020. (5 marks)

Problem 3 (15 marks) Prepare a bank reconciliation dated December 31, 2020, for Riley Sports Inc. based on the following information. Balance per bank statement is $21,200.68. Balance per books is $20,559.40. The December bank statement indicated a service charge of $35. Cheque #1169 for $410.50 and cheque #1183 for $2,150.00 were not returned with the bank statement. The bank had not received a deposit in transit of $3,443.22 when the bank statement was generated. A bank debit memo indicated an NSF cheque written by Bill Broke to Welcome Inc. on December 11, 2020, for $169. A bank credit memo indicated a bank collection of $1,700 and interest revenue of $28 on December 15, 2020. log D1 121 2020