Part of your duties as the company's Chief Internal Control Officer (CICO) is to prepare a bank reconciliation each month to ensure proper accounting and safeguarding of cash. The bank reconciliation involves you comparing information in the bank statement to informalion in the company's Cash records. . At the beginning of the month, both the bank and the company had a beginning cash balance of $23.470. . By the end of the month, the bank statement shows a month-end cash balance of $20,680, while the company's records indicate a month-end cash balance of $24,820. The left circle encompasses all cash transactions for the month reflected in the bank's balance of cash. The right circle cncompasses all cash transactions for the month reflected in the company's current balance of cash. $1,720 Sales Bank's records: Deposits and credits $1,000 NOTE $50 INI $5,860 Sales $6,740 Sales Company's records: Cash receipts Bank's records: Withdrawals and Debits $1,800 Check #534 Company's records: Cash disbursements $700 NSF $900 EFT $70 Sr $3,690 CRT $1,900 Check #532 $4,180 CET $4,500 Check#533 $2,400 Check it535 Click here to open graph in separate window. Answer the following questions (Use the following codes: DCP = deposits: CNT = electronic funds transfer; INT = interest earned: NOTC - note collected; NSE - non sufficient funds; St-service fees): Required: 1. Which transactions are shown in the intersection of the two circles? 2. Which transactions are not yet reflected in the company's cash records? 3. Which transactions are not yet reflected in the bank's cash records for July? 4. Calculate the bank's adjusted balance of cash and the company's adjusted balance of cash (Hint: Begin with the month-end balances of cash in the bank statement and company records in the given information above). 5. Reconditeenlries lo ac ljus the company's cash balance The FFT for $900 includes the cost of ulililies in the currenl month Complete this question by entering your answers in the labs beluw. Required 1 Required 2 Required 3 Required 4 Required 5 Which transactions are shown in the intersection of the two circles? Transactions currently recorded by the bank but not yet by the company. Transactions currently recorded by the company but not yet by the bank. O Transactions currently recorded by both the company and the bank Required 1 Rcquired 2 >