Internal controls and bank reconciliation, and ethics Please ensure that you leave yourself enough time to upload your file responses. It is recommended that you upload your file as you complete a file response question. Answer this question in an excel file and upload the file when completed. Name your file in your last name and student ID. On 30 June 2022, the accounting records of GYH Ltd showed a closing balance in the bank account of $14,377. The bank statement showed a balance of $15,600 on 30 June 2022. A comparison of the bank statement with the accounting records revealed the following differences: A deposit of $6,500.00 (a payment received from a customer, for payment of their account) was credited on the bank statement on 4 June 2022. The deposit recorded in the accounting records was $5,600.00. The bank credited the correct amount to the company bank account. On 12 June 2022, GYH Ltd paid one of its suppliers $380.00 (paid by cheque). The cheque, which cleared the bank on 25 June 2022, was incorrectly entered in the accounting records for $350.00. On 30 June 2022, the bank statement showed a deposit of $750.00. The deposit was made by EFT from one of GYH Ltds customers, for payment of their account. The deposit has not yet been recorded in the accounting records, as GYH Ltd was unaware that the customer had paid their account until receiving the bank statement. Unpresented cheques (for payments made by GYH Ltd) at 30 June 2022 totalled $820.00, and there was a deposit in transit (from one of GYH Ltds customers) for $1,200.00. Interest received of $15.00 was credited on the bank statement on 30 June 2022. The bank statement showed a bank fee charged of $32.00 on 30 June 2022. Required: Prepare the bank reconciliation at 30 June 2022, showing both the bank and book sides of the reconciliation. (5 marks) Prepare any journal entries that are required in the accounting records, after preparing the bank reconciliation. Ignore any GST. (3 marks) You are the graduate accountant, working for GYH Ltd. You are currently reviewing the recording of expenses in the payments systems (a separate system from the accounting software), and the payment of expenses recorded in the accounting system. You notice that several expenses (e.g., payments of rent, gas and electricity) that were recorded in the expenses system in June 2022, were not entered in the accounting system as June 2022 payables. In other words, it appears as though some expenses are being pushed back into July, even though they were incurred in June. You know that senior staff are paid bonuses based on profits, so are concerned by your findings. You intend to act ethically in your role. Explain what you would do in this situation. (2 m