Business School Compute the balance in the Inventory control account at the close of business on 3. (5 points) January 12. Prenare ieuee 4. Instructions 1. Prepare a bank reconciliation at November 30. 2. Prepare the necessary journal entries (in general journal form) to adjust the accounting records of Wine & Friends Ltd. as of November 30. (Explanations may be omitted; one compound journal entry is acceptable). (5 points) 3. Determine the amount of cash and cash equivalents that should be reported in the company's balance sheet dated November 30. (5 points) Business School Compute the balance in the Inventory control account at the close of business on 3. (5 points) January 12. Prenare ieuee 4. Instructions 1. Prepare a bank reconciliation at November 30. 2. Prepare the necessary journal entries (in general journal form) to adjust the accounting records of Wine & Friends Ltd. as of November 30. (Explanations may be omitted; one compound journal entry is acceptable). (5 points) 3. Determine the amount of cash and cash equivalents that should be reported in the company's balance sheet dated November 30. (5 points)