In auditing Transylvania Company, you obtain directly from the bank Transylvania's bank statement cancelled checks and other memoranda which relate to the company's bank account for December 2017. In reconciling the bank balance on December 31,2017, with that shown on Transylvania's observe the following facts Balance per bank statement 91,174.63 Balance books 59,088.46 33,378.82 5,317.20 22.50 11,640.00 3 Outstanding checks, 12/31/17 4 Receipts of 12/31/17 deposited on 1/2/18 5. December service c 6. Proceeds of bank loan, 12/17/17 omitted from company's records (discounted 8. Check of Prince Viad charged back on 12/22/17 for lack of countersignature. 9.Error on bank statement in entering deposit of 12/18/17 for 3 months at 12% t of 12/20/17 omitted from the bank statement 2,892.41 Re sited 1/5/18. No e was made for the chargeback or for the 873.74 Correct amount Entered in statement $3,182.40 3,181.40 1.00 690.00 10. Check No. 3917 of Transitowne charged in error to I1. Proceeds of note of Bran Castle collected by bank 12/11/17 not entered on s account books: Principal Interest $2,000.00 40.00 2,040.00 5.00 Less collection c 2,035.00 12. Erroneous debit memo of 12/22/17 to charge company's account wit 13. Error on bank statement in entering deposit of 12/4/17 settlement of bank loan, which was paid by check No. 8714 on same date ,000.00 Entered as Correct amount $4,817.10 4.807.10 Ivania of 12/8/17 credited in error to the c 10.00 1,819.20 Required 1. 2. Prepare a reconciliation of Transylvania's bank account. Prepare all necessary adjusting entries to reflect the correct bank balance on December 31 2017