3. Union Bank sent Paper Products their end of month bank statement for September. The end of month balance by the bank is $9,755.00. The statement shows that a deposit for $5,750 is in transit at the end of the statement period. The statement also revealed that checks for $75.00, $145.00, and $85.00 are outstanding. Union Bank collected a 90 day, 10 % Note Receivable for $ 3,000.00, charging $10 for the service. No interest has been accrued on the note. The bank charges a monthly account fee of $ 10.00. The end of month balance per company books is $12,145.00. Required: a. Prepare a bank reconciliation statement from the above information as on September 30. [10] b. Show any necessary journal entries for the reconciliation. [5] 4. Enter the following transactions in the respective special journals provided. Foot the columns and enter all posting references that need to be made at the end of the month. [14] Cash sales $ 6,000 Mar. 1. Purchased $ 10,000 of merchandise on credit from Wick Co. Terms 2/15, n/30, invoice number PIP 115 dated February 26th 3. Received payment on account from Dom, a debtor, $ 1,600 Sold merchandise on credit to Boss Co, $16,000, terms 5/10, net 30. Invoice number SOL 54 dated Mar 8th Made payment on a note receivable, $ 6,400. Purchased office supplies worth $ 800 on credit from Stout Supply, terms n/30, invoice number PIP 303 dated march 3rd. Purchased merchandise $24,000 on cash basis. Paid a supplier on account cash $ 15,600. 5. 8. 10. 15. 24. 28th Additional Information: In the General Ledger the following account numbers are designated: Cash: 111 Accounts Receivable: 114 Notes Receivable: 215 Office supplies: 117 Machinery t: 131 Accounts Payable: 212 Sales 411 Purchases: 512