Part of your dutles as the company's Chlef Internal Control Officer (CICO) Is to prepare a bank reconcliation each month to ensure proper accountIng and safeguardlng of cash. The bank reconcllatlon Involves you comparing Informatlon In the bank statement to Informatlon In the company's cash records At the beginning of the month, bath 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 transactlons for the month reflected In the bank's balance of cash The right clrcle encompasses all cash transactlons for the month reflected In the company's current balance of cash Company's records Cash receipts $5,860 Sales $1,000 NOTE Bank's records $7,720 Sales Deposits and credits $6,240 Sales $50 INT Company's records $3,690 EFT $1,800 Bank's records: $700 NSF Withdrawals and Debits check #534 Cash disbursements $1,900 Check #532 $900 EFT $2,400 $4,180 EFT $70 SF Check #535 $4,500 Check #533 Click here to open araph In separate window. Click here to open graph In separate window deposits; EFT= electronic funds transfer, INT = Interest earned; NOTE Answer the following questlons (Use the following codes: DEP note collected NSF non sufficlent funds; SF = service fees) = Required 1. Whlch transactlons are shown In the Intersectlon of the two circles? 2.Which transactlons are not yet reflected In the company's cash records? 3. Whlch transactlons 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 glven Informatlon above) 5. Record the entrles to adjust the company's cash balance. The EFT for $900 Includes the cost of utlitles In the current month Required 1 Required 2 Required 3 Required 4 Required 5 Record the entries to adjust the company's cash balance. The EFT for $900 includes the cost of utilities in the current month. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the entry for cash received nst notes receivable along with interest. Note: Enter debits before credits. Event General Journal Debit redit Journal entry worksheet