1 Question Five: LO 4 (23 Marks) On 314 December 2020, the cash account of Namasiku Company showed a debit balance of $12,350. Bank balance showed a total of $16,000. A comparison with the bank statement revealed the following: 1) Deposits in transit totaling $340. 2) Outstanding checks amounting to $2,300. 3) Standing order representing $75 automatic payment for rent expense. 4) Interest of $122 received on bank deposit 5) Bank charges of $30 6) the bank returned NSF (bounced) checks of $850 7) A note receivable of $1,860 was collected by the bank 8) A check for the amount of $470 issued to the supplier was misreported in the cash payments journal as $1,133. Required: (A)-Prepare adjusted cash book & bank reconciliation. (13 marks) What is the purpose of preparing a cash book as one of the prime entry books? Paragraph Font family Font size BIU A ASS X7 x ? tion () Compare between discount received & discount allowed with clear illustration by numerical examples. Paragraph Font family S X, X Font size BIU A