On October 31 Sage Hill Ltd. received its bank statement from Provincial Bank. It stated that Sage Hill had a balance of $9,140 at October 31. The company's general ledger showed a cash balance of $9,635 at that date. A comparison of the bank statement and the accounting records revealed the following information: Bank service charges for the month were $40. The company had written and mailed out cheques with a value of $1.520 that had not yet cleared the bank. A cheque from one of Sage Hill's customers in the amount of $840 that had been deposited during the last week of October was returned with the bank statement as NSF. An electronic funds transfer payment (EFT) of $235 for monthly insurance expense was automatically deducted from Sage Hill's bank account on October 22. Sage Hill's bookkeeper had forgotten to record this transaction. During the month, the company's bookkeeper had recorded a cheque (#1872) paid for utilities as $575 rather than $755 (which was the amount written on the cheque and processed by the banki, The cash receipts for October 31 amounted to $720 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October . . Prepare the bank reconciliation for Sage Hill at October 31. Bank Reconciliation October 31 v $ $ List of Accounts What cash should Sage Hill report on its Balance Sheetas at October 317 The cash reported on the Balance Sheet at October 31 $ List of Accounts Prepare the journal entries necessary as a result of the bank reconciliation. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit (To record bank charges) (To record NSF cheque) (To record EFT) (To record EFT) (To correct error in Cheque #1872)