PROBLEM V You are auditing the cash account for Monroe Company as of December 31, 2021. The accountant provided you with the bank reconciliation shown below as well a detailed of the reconciling items: Deposit of December 31, not recorded on bank statement $ 816.20 Checks outstanding: No. 812, $1,061.00; No.878, $435.39; No. 883, $48.60 1,544.99 Note plus interest of $8 collected by the bank (credit memorandum), not recorded in the journal 408.00 Check from customer (Thomas Ivey) returned by the bank of insufficient funds (NSF) 300.00 Bank service charges (debit memorandum) not recorded in the journal 18.00 Check No. 879 for $732.26 to Taylor Co. on account, recorded in the journal as $723.26 9.00 Monroe Company Bank Reconciliation December 31, 2021 Cash balance according to bank statement $ 3,3579.78 Add deposit of December 31, not recorded by bank 816.20 $4,175.98 Deduct outstanding checks: No. 812 $ 1,061.00 No. 878 435.39 No. 883 48.60 1,544.99 Adjusted balance $ 2,630.99 Cash balance according to depositor's records 2,549.99 Add note and interest collected by bank 408.00 $2,957.99 Deduct: Check returned because of Insufficient funds $ 300.00 Bank service charge 18.00 Error in recording Check No. 879 9.00 327.00 Adjusted balance $ 2,630.99 Required Use tick marks to describe the audit procedures you would use to satisfy yourself as to the audit procedures you should perform. No less than fifteen audit procedures. Also prepare the necessary entries that the accountant should have made.