2 10 polets QUESTION 2 On January 31, 2017, Al Ain Paints had a cash balance per books of AED 33,825. The bank statement from Al Ain Bank on that date showed a balance of AED 34,890 1.Cash sales of AED 3,640 on January 12 were deposited in the bunk. The entry made in the cash book was incorrectly made as AED 3910. 2 2. Deposits in transit on January 31 2017 were AED 5,207.50 On the same day, outstanding choques totaled AED 3,065. A cheque payment to a supplier for AED 635 was incorrectly recorded in the journals * AED 860. However, the cheque was correctly paid by the bank 4 The bank collected Notes receivables on behalf of the company AED 2,550 plus interest AED 37.50 on January 25 charging AED 25 in collection fees 3 A choque for AED 240 appeared in the bank statement. This cheque was depenited by Al Huda Company and was incorrectly reconded in favor of Al Ain Paints by the bank Sales of AED 500 were entered by the Al Ain Paints Accounts Clerk as AED 50 in the books SA A Close W Question Completion Status 1 2 3 2. A chaque payment to a supplier for AED 635 was incorrectly recorded in the journals as AED 860. However, the cheque was correctly paid by the bank The bank collected Notes receivables on behalf of the company AED 2,550 plus interest AED 87.50 on January 28 charging AED 25 in collection fees 5. A chaque for AED 240 appeared in the bank statement. This cheque was deposited by Al Huda Company and was incorrectly recorded in favor of Al Ain Paints by the bank 6. Sales of AED 500 were entered by the Al Ain Paints Accounts Clerk as AED 50 in the books Required. Prepare the bank reconciliation at January 31, 2017 Bank Reconciliation Statement See All Desa Wind