Exercise 2: 1. The balance of current account in the statement received from the bank in 31/10/2019 was a credit of 347107. whereas the balance which appeared in the books was debt of 240591. When investigating the reasons behind the difference, it was found out that: 2. The company deposited a cash amount of 55200 and this amount did not appear in the bank statement. 3. The company made checks with a total amount of 129920 during the month, but these checks were not submitted to the bank till 31/10. 4. The company sold goods in cash and sent the amount to the bank. The company recorded the amount in its books correctly as 66000, whereas the bank recorded the amount wrongly 60000. 5. The bank collected a notes receivable of 56000 for the company in addition to interests of 4900. the bank discount collecting commission of 100. 6. The bank returned a check of 25628 drawn for the customer Ahmed to the company, because the customer did not have a balance. 7. The bank discount 2500 from the company current account for an accrued note payable. 8. The bank collected the amount 5124 for the company as investment interest. Required: Preparing the bank reconciliation statement and recording the adjusting entries