QUESTION 2 (20 MARKS) 1. The following information is available for Bay Enterprise for the month of May. As at 31st May, after all transactions have been recorded, the balance in the business's cash account is RM6,322 (debit balance). ll. As at 31st May, the business's bank statement shows a balance of RM6,450 (credit balance) ii. Outstanding checks are RM63. IV. A RM47 non-sufficient fund (NSF) check from a customer, Khalid is shown on the bank statement but this NSF check has not yet being recorded by Bay Enterprise. V. The business bank in or deposit a check of RM275 at midnight, 31st May at the ATM machine and this amount did not appear on its May bank statement vi. Bank fees for check printing of RM45 are not yet recorded by Bay Enterprise. vii. RM432 is collected by the bank for Bay Enterprise, but this business transaction is not yet recorded by Bay Enterprise. Required: (a) Prepare the bank reconciliation for the month of May for Bay Enterprise. (8 marks) (b) Based on the bank reconciliation statement prepare the necessary journal entries for Bay Enterprise at 315 May