Question 2. (10 Marks) In preparing its October 31, 2020 bank reconciliation, Bailey Corp. has available the following information: Balance per bank statement, 10/31/20 Deposit in transit, 10/31/20 $44,750 6,250 Return of customer's check for insufficient funds (NSF), 10/30/20 800 Outstanding checks, 10/31/20 7,500 Bank service charges for October Bank erroneously charged a check on bank statement Instruction: 100 2,000 Compute the correct cash balance at October 31, 2020.