a) Bank Reconciliation ( 10 marks) Blackjack Corp.'s book balance of the cash account shows an unadjusted balance of $16,000 before reconciliation. The following data was also available: - A customer's cheque for $650 was recorded on the books as $560. -The bank statement does not include a deposit of $3,500 made on the last day of the month. - The bank statement shows a collection of a note receivable by the bank of $1,250 and a customer's cheque for $60 was returned because it was NSF. A payment for facility rent of $190 was recorded on the books as $1,900. Required: 1. Calculate the correct balance in the cash account. (Note: you only need to do the book side of the bank rec.) ( 6 marks) 2. Prepare the journal entry needed to adjust the books for the returned NSF cheque in 1 . above. ( 2 marlewi 3. Prepare the journal entry needed to adjust the books for the error related to the payment of facility rent in 1. above . (2 marks) b) Accounts Receivable (6 marks) 1. Blues Corp. has a period end unadjusted trial balance that includes the following: b) Accounts Receivable (6 marks) 1. Blues Corp. has a period end unadjusted trial balance that includes the following: Required: Determine the period end adjusting journal entry necessary, when the estimate of uncollectible amounts is based on 3% of gross receivables. ( 4 marks) 2. When is the direct write-off method of accounting for the impairment of receivables acceptable? ( 2 marks)