Jordan Inc is trying to prepare a cash reconciliation for the month ended January $31,2024.$ At that date, Jordan's books report a balance of $$81,673$ in their CIBC Chequing Account, and the balance on their January bank statement is $$107,876.$ Jordan provides you with $(1)$ the General Ledger which shows all the changes in the cash account during the year, and $(2)$ a copy of the January bank statement.Jordan Inc.General LedgerMonth ended January $31,2024$CIBC Chequing AccountDateDescriptionDebitCreditBalanceJan $1$Opening balance$40,520$Jan $5$Payment on account $($cheque #$1348)25,40015,120$Jan $10$Cash out Interac machine$18,70033,820$Jan $10$Bank deposit$7,58041,400$Jan $15$Interac purchase $-$ Tim Hortons$2341,377$Jan $15$Transfer to credit card payable$50040,877$Jan $20$Cash out Interac machine$23,10063,977$Jan $25$Payment on account $($cheque #$1349)13,89050,087$Jan $25$Bank deposit$36,05086,137$Jan $27$Interac purchase $-$ Staples$12486,013$Jan $30$Payment on account $($cheque #$1350)19,50066,513$Jan $31$Cash out Interac machine$10,90077,413$Jan $31$Bank deposit$4,26081,673$CIBC BankAccount $1025-5695-2751681$Cardholder: JordanBeginning balanceS$45,820$Plus Deposits$97,080$Less Withdrawals$34,997$Less Fees and interest$27$Ending balance$$107,876$DateDescriptionTransaction AmountBalanceJanuary $1$Opening balance$45,820$January $1$Deposit$7,25053,070$January $4$Cheque $13478,95044,120$January $5$EFT$80044,920$January $11$Transfer from Interac cash point$18,70063,620$January $11$EFT$2,00065,620$January $12$Deposit$7,58073,200$January $14$Cheque $134825,40047,800$January $15$Tim Hortons$2347,777$January $15$Account transfer $-$ VISA$50047,277$January $21$Transfer from Interac cash point$23,10070,377$January $25$Interac E$-$transfer$1,60071,977$January $27$Deposit$36,050108,027$January $27$Staples$124107,903$January $31$Service fees$27107,876$The December $31,2023$ bank reconciliation shows two outstanding cheques $($cheque #$1343$ and #$1347$ for $$3,600$ and $$8,950$ respectively$)$ and an outstanding deposit for $$7,250).$Required: Jordan is really struggling and has turned to you for help.Prepare Jordan Inc.$\text{'}$s bank reconciliation for January $2024.$Prepare all necessary journal entries to be entered in Jordan's accounts.