Question 1 (18 marks) Shown below is the information needed to prepare bank reconciliation for Mandy Company on 31 October 2019: (1) (2) (3) (4) The cash ledger account showed a balance of $8,510, while the bank statement indicated a cash balance of $12,390. The bank statement showed $45 interest earned for the month of October. ZYX company settled its notes payable by depositing $4,000 directly into Mandy's bank account. The company issued three checks totaling $1,000, which had not been shown in the bank statement in October. A $300 check mailed to the bank for deposit had not reached the bank on 31 October. A $710 deposit to Manning Company was erroneously credited to Mandy's account by the bank. The bank returned a customer's NSF check for $575 received as payment of an account receivable. A $2,500 check received from a tenant for rental revenue was recorded as $3,500 in the book. (5) (6) (7) (8) Required: (a) Prepare bank reconciliation for the month of October 2019. (12 marks) (b) Prepare the necessary journal entries to update the accounting records. (6 marks)