Question (1): 7 Marts On March 31, 2020 Amman Company had a cash balance per books of JOD 10.985.20. The bank statement from Arab Bank on that date showed a balance of JOD 10,608.30. A comparison of the statement with the cash amount revealed the following situations. 1. On March 16, cash sales of JD 3891 were deposited in the bank, and Amman company's account was credited with that correct amount by the bank. However, the cash receipts journal entry and the deposit slip were erroneously made for JOD 3981 2- Deposits in transit totaled JD 3,910.15 3. On March 31, outstanding checks totaled JD 925.25 4 On March 31, the bank collected a note receivable with the amount of ID 3130 on company's behalf plus JD 50 interest. The bank charged a collection fee of JD 32. No interest has been accrued on the note 5- On March 19, check No. 00121 for JD 1945 was issued by Amman Company to Al-Arab Company on account. The check, which cleared the bank in March, was erroneously journalized and posted by Amman Company for 1495 Instructions: Prepare a correct bank reconciliation based on the above information Answer: Amman Company Bank Reconciliation March 31, 2020 Cash balance per bank statement JD 10,608.30 Adjusted Casb balance per bank Cash balance per books JD 10,985.20 Adjusted Cash balance per books Question (2): 3 Marks Journalize the entries required by the bank reconciliation in question (1). Answer Q (2): Date Account Titles and Explanation Debit Credit