Champ's Pet Emporium prepares their bank reconciliations at month-end. Below, find the previous month's bank reconciliation (November 30, 2021) and the bank statement and general ledger cash account listing for the current month, December 31, 2021. Prepare a bank reconciliation for December and any required adjusting entries at the end of the month. Show your calculations! (11 marks) Bank Reconciliation - November 30, 2021 Champ's Pet Emporium Bank Reconciliation November 30, 2021 Bank statement balance $ 13,386 Book balance $ 15,875 Add: Deposit in transit 7,192 20,578 501 Deduct: Outstanding cheques: # 375 $ # 357 $ # 365 $ Adjusted bank balance 2,818 1,384 S 4,703 15,875 Adjusted book balance $ 15,875 15,875 Bank Statement - December 31, 2021 Adjusted book balance $ 15,875 $ $ Bank Statement To: Champ's Pet Emporium December 31, 2021 Date Description Cheque Amount Deposits / Credits Nov 30 Balance Opening balance Dec 1 $ 13,386 365 $ 1,384 $ 12,002 Dec 1 Deposit 7,192 $ 19,194 Dec 2 375 501 $ 18,693 Dec 9 367 $ $ 18,282 Dec 9 368 $ 3,599 $ 14,683 Dec 11 370 $ 2,704 $ 11,979 Dec 12 Deposit $ 4,012 $ 15,991 Dec 14 Deposit $ $ 4,154 $ 20,145 Dec 21 Deposit $ 3,571 $ 23,716 Dec 22 Credit Memo $ 256 $ 23,972 $ $ 23,897 Dec 25 $ $ 23,897 $ $ 23,897 $ $ 23,897 $ 23,875 I Dec 31 Service charge ( ( . ( 0 0 ho u un un 2 75 256 $ 23,972 $ 23,897 $ 23,897 $ 23,897 $ 23,897 Dec 31 Service charge $ 23,875 Other information The Credit memo on Dec 22 relates to the bank collecting on an accounts receivable. The amount deposited is net of a $20 service charge. 22 Champ's Pet Emporium's owner writes handwritten cheques periodically. The bookkeeper sometimes makes transposition or keying errors when entering the cheques relating to the Utilities expense. Cash General Ledger Account - December 31, 2021 Cash General Ledger Account - December 31, 2021 Cash Date Nov 30 Dec 2 Dec 2 Dec 7 $ $ $ Dec 7 Dec 11 Dec 13 Explanation PR Balance 367 GL20 368 GL20 369 GL20 370 GL20 Deposit GL20 Deposit GL20 371 GL21 Deposit GL21 372 GL21 373 GL21 $ Acct. No. 101 Debit Credit Balance $ 15,875 $ 411 $ 15,464 $ 3,599 $ 11,865 $ 817 $ 11,048 $ 2,740 $ 8,308 4,012 $ $ 12,320 4,154 $ $ 16,474 882 $ 15,592 3,571 $ $ 19,163 $ 75 $ 19,088 $ 596 $ 18,492 $ 24,412 to in un unin it is is in is in Dec 20 $ Dec 20 Dec 23 Dec 27 IDec 31 Deposit GL21 1,920