Part A (16 Marks) The October 31, 2023 bank statement of Pressler College, an educational institution. has just arrived from the Royal Bank. To prepare the Pressler bank reconciliation, you gather the following data: a. The October 31 bank balance is $45,530.82. b. The bank statement includes two charges for returned cheques. One is an NSF cheque in the amount of $677.50 received from a Student (John Smith). The other is a $1,195.03 cheque received from another Student, (Emily Brown) and deposited by Pressler on October 21. It was returned by Emily's bank with the imprint "Unauthorized Signature". c. The following Pressler cheques are outstanding at October 31: cheque \#616, $903.00, Cheque \# 806,$1,272.23, Cheque \# 810,$3,229.05 and Cheque \# 811,$948.91 d. A few students pay accommodation fees by EFT. The October bank statement lists a $2,500 deposit for Accommodation Revenue. e. The bank statement includes two deposits: $3,899.14, which is the amount of tuition revenue the bank collected from an Internatinnal student by EFT; and $36.86, the interest revenue Pressler earned on its bank balance during October. f. Pressler incorrectly recorded cheque \# 798 in payment of utilities expense. Pressler recorded the payment as $2,785. The correct amount of the cheque was $2,875. g. The bank statement lists a $68.25 service charge. h. On October 31 , the Pressler accountant deposited $7,881.14, but this deposit does not appear on the bank statement. i. The bank statement includes $810.00 deduction for a cheque written by Davis Company. Pressler promptly notified the bank of their error. j. Pressler's Cash account balance is $43,463.55 on October 31 . Required 1. Prepare the bank reconciliation for Pressler Institute at October 31, 2023. 2. Prepare any necessary journal entries resulting from the reconciliation