Question 2 [30 points] The following information is for Vale Inc a Balance per the bank statement dated December 31, 2014 is $47,550 b Balance of the Cash account on the company books as of December 31, 2014 is $43.470 Included with the bank statement was an NSF cheque for $650 that had been received from a customer in payment of his account d Bank service charges for the month amount to $25 e Bank deposit on December 31 2014 for $750 does not appear on the bank statement I Cheques written that had not cleared the bank by December 31, 2014 were 1530 $1,050 527 $1350 #510 $900 #517 $1.050 #519: $1,150 Included with the bank statement was a S45 credit momorandum for interest earned on the bank account during the month h Cheque #502, for office supplies in the amount of $342 was recorded in the Cash Disbursements Joumal incorrectly as $302 Prepare a bank reconciliation statement as of December 31, 2014 as well as the necessary adjusting journal entries Enter the transaction letter as the description when entoring the transactions in the journal Dates must be entered in the format ddimmm (ie, January 15 would be 150an). Velor in Bank Reconciliation December 31, 2014 Bank statement balance Book balance Add Add Deduct Outstanding cheques Deduct Adjusted bank balance. Adjusted book balance_ Prepare a bank reconcilation statement as of December 31, 2014 as well as the necessery adjusting journal entres Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd mmm (ie, January 15 would be 150an). Velor in Bank Reconciliation December 31, 2014 Bark statement balance Book balance Add Add Deduct Outstanding cheques Deduct + Adjusted bank balance Adused book balance General Journal Account Explanation Dane Page 2 Debit Credit