4) Below is information from Apex Inc., as of June 30, 2017: (20 points) a) Cash on the books as of June 30 is $42,754.16. Cash on the bank statement for the same date is $52,351.46 b) A deposit of $5,220.94 did not appear on the bank statement c) Outstanding checks totaled $3,936.80 d) A check for $1,920 returned with the statement was recorded incorrectly in the check register as $1,380. The check was for a cash purchase of merchandise inventory. e) The bank service charge for June amounted to $25. f) The bank collected $12,360 for Apex Inc., on a note. The face value of the note was $12,000. g) An NSF check for $183.56 from a customer was returned with the statement. h) The bank mistakenly charged to the company account a check for $850 drawn by another company. i) The bank reported that it had credited the account for $120 in interest on the average balance for May. Instructions: 1) Prepare a bank reconciliation for Apex Inc. as of June 30, 2017. 2) Prepare the journal entries necessary to adjust the accounts. 3) What amount of cash should appear on Apex Inc., balance sheet as of June 30? 4) Why is a bank reconciliation considered an important control over cash?