Question 2 (35) The following information is for Future Company: 1. After all posting was completed on October 31, the company's Cash account had a $28,200 debit balance, but its bank statement showed $???. 2. A debit memorandum for $1,200 listed a NSF that had been received from a customer, Jefferson. The company had not recorded this bounced cheque before receiving the statement. 3. Deposits in transit, October 31, $3,500. 4. Note for $1,100 collected for Future by the bank, plus interest earned $20, less bank fee $25. The collection has not been recorded by Future. 5. Cheques #3031 for $1,620 and #3040 for $450 were outstanding on October 31. 6. A bank loan payment of $2,300, which included interest of $95, that the bank had deducted automatically, was not recorded by Future. 7. It was found that cheque #3056 for the October rent expense was correctly written for $1,260 but was erroneously entered in the accounting records as $1,225 8. The actual amount deposited was $190 but Future had recorded it as $920. REQUIRED (a) Prepare a Bank Reconciliation Statement for October 31, 2019 (b) Briefly describe how the replenish system for petty cash operates