Question 1 (19 marks) Shovm below is the infonnation needed to prqare the bank reconciliation for Elsa Company on 30 Novanber 2016: (1) (2) (3) (4) (5) (6) (7) (8) The cash ledger account showed a balance of S2,559, while the bank statenrnt indicated a cash balance ofS5, 728. The bank statement showed S58 interest eamed for the month ofNovember_ The bank returned a customer's NSF check for S689 received as ettlanent of an account receivable ZYX company settled its non-interest bearing notes payable by depositing $8,000 directly Into Elsa's bank account. A $800 check mailed to the bank for deposit had not reached the bank on 30 The accounting records showed that check "lit-ten in November anlounted to S 130,000, but only S 128,500 ofthem was found m the bank statement. $2,000 cash purchase of inventory on 23 Novembe was Inistakenly recorded as cash sale of inventory. The company adopts perlodlc Inventory system A S 1,200 check received from a tenant for rental rvenue was recorded as S2, 100 in the book Required: a) b) Prepare the bank reconciliation for the month of November 2016. Prepare the necessary journal entries to update the accounting records _ (11 marks) (8 marks)