Question 2 (Bank Reconciliation) (17 marks) The following information is availahle for the Imperatur Company for the month of Docenber 2VII: a. On December 31, after all transactions have bera reconded, the balance in the company's Cash nccount has a balance of $27,202. b. The company's bank statement shivws a balance on December 31 of $29,279. c. Outslanding checks at December 31 include check $3930 in the anount of $1,525 and check *3556 in the amount of $1,459. d. A credit memorandum included with the bank statement indicates that the bark collosed $780 an a noa-iaterest bearing note receivable for Imperatot. The bank deducted a $10 collection foc and credited the reanainder of $770 to imperator's nocount. e. A dehit memorandum included with the bank statement shows a 367 NSF check from a customer, Mr D. L. A deposat placed in the bank's night depository on Decenber 31 totaled 51,675 and did not appear on the banks statement. 2. Examination of the checks on the bank statement with the eniries in the acoounting rosords reveals that check N3445 for the payment of an account payable was cocrectly written for $2,450, but was recorded in the accotuting rccords as $2,540. h. Ineluded with the bank statement was a debit memorandum in the amount of $25 for bank service charges. It has not been recorded on the company's books. Required: 1. Based on ibe above infonmation, prepare the December hank reconciliation for lmperator Company. (12.5 marks) 2. Based on the above indormation, prepare the general joutnal estries Insperator Company must make to update its records. (4.5 marks) Hust in3 Firul exare quk, s" Tent 202180 www-library-In-edu-hk.lingnan.idm.oclc.org