Question $26(10$ points$)$

On February $28,2022,$ Merlyn Kremp, the accountant of the scented candle business 'Breathe$-$in Ltd$\text{'},$ prepared the documents for the February bank reconciliation. He noted a cash balance of $$15,534$ in the general ledger. The bank statement on that date showed a balance of $$17,675.$ A comparison of the bank statement with the Cash account revealed the following:

The bank statement included service charges and card processing fees of $$50$

The bank statement included electronic collections $($EFT$)$ from customers, totaling $$5,520.$ Breathe$-$in Ltd$.$ had not recorded the EFT yet.

A deposit of $$200$ made by another company was incorrectly added to Breathe$-$in's account by their bank.

Recent deposits worth $$5,400$ are not currently showing on the bank statement.

Cheques outstanding on January $31$ totaled $$3,754.$ Of these, $$1,883$ cleared the bank in February and are no longer outstanding. All new cheques written in February cleared the bank during the month.

Merlyn asked you to help with the bank reconciliation. Provide your calculations on paper, then enter the appropriate amounts in the fields below. If you have not added or subtracted an amount to the bank or books, enter $0.$

Required formatting: Enter amounts without $$-$sign or commas $($only$\_$plain number, e$.$g$.,4567).$ Round final results to the nearest $$.$

Required formatting: Enter amounts without $$-$sign or commas $($only plain number, e$.$g$.,4567).$ Round final results to the nearest $$.$

Blank #$1$: What is the total amount to be ADDED to the bank side?

Blank #$2$: What is the total amount to be SUBTRACTED from the bank side?

Blank #$3$: What is the total amount to be ADDED to the books side?

Blank #$4$: What is the total amount to be SUBTRACTED from the books side?

Blank #$5$: How many journal entries would yo uneed to record for this bank reconciliation?

Blank # $1$

Blank # $2$

Blank # $3$

Blank # $4$

Blank # $5$