Question #1 - Describe the control features of a bank account and prepare a bank reconciliation - (14 marks) Conneaut Lake Boat Company's bank statement for the month of September 2021 showed a balance per bank of $7,000. The company's Cash account in the general ledger had a balance of $5,459 at September 30. Other information is as follows: 1. Cash receipts for September 30 recorded on the company's books were $5,200 but this amount does not appear on the bank statement. 2. The bank statement shows a debit memorandum for $50 for cheque printing charges 3. Cheque No. 119 payable to Lynch Company was recorded in the general journal and cleared the bank for $248. A review of the Accounts Payable subsidiary ledger shows a $36 credit balance in the account of Lynch Company and that the payment to it should have been for $284 4. The total amount of cheques still outstanding at September 30 amounted to $6,000. 5. Cheque No. 138 was correctly written and paid by the bank for $409. The cash payment journal reflects an entry for Cheque No. 138 as a debit to Accounts Payable and a credit to Cash in Bank for $490. 6. The bank returned an NSF cheque from a customer for $550. 7. The bank included a credit memorandum for $1,260 which represents an EFT collection of a customer's account. Required: a) Prepare a bank reconciliation for Conneaut Lake Boat Company at September 30, 2021. b) Prepare any Journal entries necessary as a result of the bank reconciliation