(c) LG Ltd has prepared its October 2021 bank reconciliation for auditors to review. As at 31 October 2021 the ledger balance was K2, 450 (Credit) but the bank statement showed that the company has funds amounting to K3, 743. The following are useful information: (1) The company arranged for the bank to transfer the dollar equivalent of K500, 000 to a supplier in the United States. Charges on the transfer of 0.5% have not been recorded in the books of LG Ltd. (2) The CEO of LG Ltd arranged for an amount of K3, 000 to be transferred from his personal bank account into the company's account. The bank made the transfer on 31 October 2021, but LG Ltd has not made any entry in its books. (3) A Cheque for ZESCO (Electricity Company) amounting to K5, 600 issued and recorded correctly in the bank statements appeared in LG ledger as K6, 500. (4) The following cheques issued by LG Ltd in October 2021 did not appear on the bank statement: Cheque # 20450 - K2, 000 Cheque #20456 - K4, 800 Cheque # 20500 - K5, 250 (5) Income earned on investment with an advice by the bank of K2, 457 was not recorded by the bank until 3 November 2021. (6) Three cheques received and booked by LG Ltd amounting to K4, 800 were not credited by the bank. Required: (i) Prepare the bank account in LG Ltd nominal ledger including any adjusting entries based on (4marks) the information above. (ii) Prepare a reconciliation of the bank statement balance to the corrected balance on the bank account in LG Ltd nominal ledger. (4marks) 2 [Total:20 Marks]