Following is the Cash account in the general ledger for the month of August 2020 for Halifax Enterprises: Cash Acct. No. 101 Date Explanation PR Debit Credit Balance 2020 Jul. 31 Balance 14,389.35 Aug. 1 Deposit G25 2,534.17 16,923.52 Aug. 3 Cheque #442 G25 987.22 15,936.30 Aug. 7 Cheque #443 G25 1,552.34 14,383.96 Aug. 10 Cheque #444 G25 3,199.68 11,184.28 Aug. 14 Deposit G26 10,656.11 21,840.39 Aug. 17 Cheque #445 G26 287.47 21,552.92 Aug. 22 Cheque #446 G26 6,399.76 15,153.16 Aug. 26 Cheque #447 G26 2.818.45 12,334.71 Aug. 31 Deposit G26 4,234.12 16,568.83 A bank reconciliation prepared by Halifax Enterprises on July 31, 2020 appeared as follows: Halifax Enterprises Bank Reconciliation July 31, 2020 Bank statement balance $12,814.36 Book balance $14,314.35 Add: Add: Deposit of July 31 in transit Interest income 4.114.55 $16.928.91 80.00 $14,394.35 5,00 Deduct: Outstanding cheque: #441 Adjusted bank balance Deduct: Bank service charge 2539,56 $14.389.35 Adjusted book balance $14.389.35 Following was the bank statement for Halifax Enterprises for the month of August 2020: Bank Statement To: Halifax Enterprises Date Withdrawal Information Opening balance Deposit Deposit Cheque 1442 Cheque 1441 Choque #444 Deposit Cheque 1443 Cheque 1447 Service charge Interest | Aug. 2 Aug. 2 Aug. 5 Aug. 7 Aug. 11 Aug. 15 Aug. 10 Aug. 26 Aug. 31 Aug 31 987.22 2,539,56 3.199,68 August 31, 2020 HSBC Bank Deposit Balance 12.814.38 4,114.55 16,928.91 2,534.17 19,463.08 18,475.86 15.936.30 12.736 62 10,656.11 23,392.73 21.840.39 19,021.94 19.011.94 $60.00 19,071.94 1552 34 2.818.45 10.00 Required: 1. Prepare the bank reconciliation for Halifax Enterprises on August 31, 2020.7 marks) 2. Prepare the necessary journal entries resulting from the bank reconciliation. (2 marks)