Question 1 (22 marks) The following data has been gathered for Willow Ltd. for the month ended April 30, 2020: 1. The bank statement reveals a balance of $2,800. 2. The April 30, 2020, book balance was $1,100 3. There was an EFT deposit of $800 on the bank statement for a rental property. 4. The bookkeeper had erroneously recorded cheque #101 as $445 instead of $454. The cheque was to settle an account payable. 5. The bank statement revealed $35 in service charges. 6. Cheques #113, #115, and #125 for $50, $887, and $702 were not returned with the bank statement. 7. A deposit made on April 17th for $250 did not appear on the bank statement. 8. A deposit of $1,400 made on April 10th was erroneously credited to the Willow Ltd. account by the bank for $1,040 9. A bank debit memo indicated an NSF cheque from a customer for $215 plus an NSF fee of $20. 10. There was an EFT receipt of $150 for interest income earned on investment Required a) Prepare a bank reconciliation for Willow Ltd. for April 30th. b) Record the journal entries the company should record on April 30th to update their Cash Account (explanations are not required)