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2. AKA Steel Company sells Steel and Rods to local customers. 011 January 31. 2020. 10 the company's cash account per its general ledger showed

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2. AKA Steel Company sells Steel and Rods to local customers. 011 January 31. 2020. 10 the company's cash account per its general ledger showed the balance Tk. 23,287. The bank statement from IBBL on that date showed the balance Tk. 23.332. A comparison of the details on the bank statement with the details in the cash account revealed the following facts. I Included with the cancelled checks was a check issued by GHP Spat Ltd. to KSRM Steel for \".400 that was incorrectly charged to AKA Steel Company by the bank. 2. On January 21. the bank statement showed an NSF charge of Tk. [.308 for a check issued by Rahim. a customer. to AKA Steel Company on account. 3 111B statement included a debit memo of 1135 for the printing of additional company checks. 4 On January 12. Mr. Rahim. a supplier was paid Tk. 5392 and paid a check which was cleared by the bank. But thejournal and posting were made incorrectly by Tit. 5932 by the AKA manager. 5 On January 09. 2020. the company issued check no. 1181 for 113,726 to G. Fischer. on account. The check. which cleared the bank in May, was incorrectly journalized and posted by KSRM Steel Company for 11.3.6712. 6 A Tk.4.000 note receivable was collected by the bank for AKA Steel Company on January 31 plus TILED interest. The bank charged a collection fee of Tk. 25. No interest has been accrued on the note. \"1 Cash sales of 'I'k.2.'l?0 on May 3] were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for Tk.2.8'l. The bank credited AKA Steel Company for the correct amount. 8 Outstanding checks at January 31 totaled Tk.l.425. and deposits in transit were T113348. Instructions: (a) Prepare the bank reconciliation for the AKA Steel Company at January 31. 2020. (b) Prepare the necessary adjusting entries for the AKA Steel Company at January 31. 2020

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