LOZ {10 min] I P9-5C. Amal Company of Bathurst has a policy of depositing all receipts and making all payments by cheque. On receiving the bank statement, Bill Free, a new bookkeeper, is quite upset that the balance in cash in the ledger 15 $4,209.50 while the ending bank balance is $4,440.50, Bill is convinced that the bank has made an error. Based on the following facts, is Bill's concern warranted? Using Problem 9-5C Worksheet, what other suggestions could you offer Bill in the bank reconciliation process? a. The November 30, 20XX, cash receipts, $611, had been placed in the bank's night depository after banking hours and consequently did not appear on the bank statement as a deposit. b. Two debit memoranda and a credit memorandum were included with the returned cheques. None of the memoranda had been recorded at the time of the reconciliation. The first debit memorandum covered a $130 NSF cheque written by Abby Ellen. The second was a $6.50 debit memorandum for service charges. The credit memorandum was for $494 and represented the proceeds less a $6 collection fee from a $500 non-interest- bearing note collected for Amal Company by the bank. . It was also found that cheques No. 942 for $71.50 and No. 947 for $206.50, both written and recorded on November 28, were not among the cancelled cheques returned. d. Bill found that cheque No. 899 was correctly drawn for $1,094 as payment for a new cash register, However, this cheque had been recorded as though it were for $1,148, e The October bank reconciliation showed rwo cheques outstanding on Seprember 30, No. 621 for $152.50 and No. 630 for $179.30. Cheque No. 630 was paid and returned with the November bank statement but cheque No. 621 was not