1.Calculate the balance of Share capital and Retained Earnings accounts at 31 December 2019 (Profit for the year ended 31 December 2019 was $800,000):

Share capital:

Retained earnings:

Using the following information, make a bank reconciliation and any adjusting entries necessary as a result of the bank reconciliation for Balmoral Ltd for 30 April

a.The bank statement balance is $9,100.

b.The cash account balance is $7,412

c.Outstanding cheques totalled $1,600.

d.Outstanding deposit $300.

e.The bank service charge is $12.

f.Collection of a note receivable by bank, $400.