Question 16 Not yet saved A bank statement received by Allied Ltd for the month of February 2022 showed a credit balance of $8,500. The company's Cash at Bank balance as per company records had a debit balance of $9,145. The following were discovered as the reasons for the discrepancy between the two balances: Marked out of 7.00 P Flag question 1. The bank statement included a debit entry of $90 for the annual bank service fee. 2. Outstanding EFTs at 28 February totalled $6,200. 3. On 28th February, receipts deposited amounting to $8,820 are still outstanding with the bank. 4. Cash sales of $694 on 20 February were deposited in the bank. The cash receipts journal entry and the deposit slip were wrongly made for $649. The bank credited Allied Ltd for the correct amount. 5. Notes receivable of $1,800 was collected by the bank for Allied Pty Ltd on 28 February plus $220 interest. No interest has been accrued on the note. a. Required Prepare a bank reconciliation at 28th February 2022 based on the provided information. (3.5 marks) b. Prepare journal to record the necessary adjusting entries at 28th February 2022 (3.5 marks). Narrations are not required