Lo Semester English Lessons - BAHRAIN POLYTECHNIC SUPPORT GENERAL STUDIES BUSINESS - ICT- ENGINEERING LOGISTICS WEB MIDA VISUAL DESIGN MY SERVICES 1 ut of estion Question two: LO 4 (25 Marks) On 31 December 2020, the cash account of Philip Company showed a debit balance of $9,570. The bank balance showed a total of $13,200. A comparison with the bank statement revealed the following: 1) Deposits in transit totaling $4.470 2) Outstanding checks amounting to 56,430 3) Standing order representing $287 automatic payment for rent expense. 1) interest of 5314 received on bank deposit 5) Bank charges of $23 b) the bank returned NSF (bounced) checks of $460 7) A note receivable of $1463 was collected by the bank 3) A check for the amount of 5730 issued to the supplier was misreported in the cash payment Journal as 51393 Required: (A)- Prepare adjusted cash book & bank reconciliation (13 marks) Paragraph Font family Fonts BA SS o ype here to search