QUESTION 2 (12 marks) Smith Company started its business on November 1, 2020, below is the information needed to prepare a bank reconciliation for the business as at November 30, 2020:

(i) Balance per bank statement was $34,100.

(ii) $1,300 check drawn by a customer Johnson had been marked NSF in November and the company received this notice at the beginning of December 2020.

(iii) Cash receipts of $8,000 recorded on November 30 were not deposited to bank until December 1.

(iv) Bank service charge for November 2020 amounted $38 was sent to the company together with the bank statement. (v) Check #620 for $4,000 had been issued in November but was not presented to the bank for payment.

(vi) Check #643 for electricity expense cleared the bank for $268 but was erroneously recorded in our books as $240. (vil) A $486 deposit by Easy Co. was erroneously credited to our account by the bank.

(viii) The bank statement showed $30 interest earned on the bank balance for the month of November 2020.

Required: Prepare a bank reconciliation statement for Smith Company at November 30, 2020 and determine the Cash balance according to the companys records at November 30, 2020 BEFORE the reconciliation.

URGENT