Question 3 (13 marks) The following information was available to reconcile Winnie Ltd.'s book balance of Cash with its bank statement balance as of October 31, 2023. The unadjusted cash balance per the general ledger on October 31, was $13,204. The balance per the bank statement was $29,324. Cheques #296 for $1,333 and #307 for $12,744 were outstanding on the September 30 bank reconciliation. Cheque #307 cleared the bank in October, but cheque #296 had not cleared the bank. It was also found that cheque #315 for $892 and cheque #321 for $1,998, issued in October, had not cleared the bank. In comparing the cheques accompanying the bank statement that had cleared the bank with the entries in the accounting records, it was found that cheque #302 for the October rent was correctly written for $6,080 but was incorrectly entered in the accounting records as $6,800. The bank statement shows an EFT collection from a customer on his account for $21,900 less the bank's fee of $120. Winnie has not recorded this amount in its books.

Cas following information was available to reconcile Winnie Ltd: s book balance of Cash with its bank statement balance as of octoberile Winnie 31,2023 . - The unadjusted cash balance per the general ledger on October 31, was $13,204. The balance per the bank statement was $29,324. - Cheques $296 for $1,333 and $307 for $12,744 were outstanding on the but cheque $296 had reconciliation. Cheque $307 cleared the bank in October, but cheque $296 had not cleared the bank. - It was also found that cheque \#315 for $892 and cheque \#321 for $1,998, in comparing the chequ cleared the bank. - In comparing the cheques accompanying the bank statement that had cheque $302 for the the entries in the accounting records, it was found that incorrectly entered in the rent was correctly written for $6,080 but was - The bank statement shows accounting records as $6,800. for $21,900 less the bank's fee of collection from a customer on his account in its books. - A cheque in the amount of $3,202 from a customer. Juju Trac deposited on October 4 was returned by the bank as NSE. The bank has charged a $49 NSE fee on this. - The bank statement showed service charges for the month of $74. - The October 31 cash receipts, $7,278 were placed in the bank's night depository after banking hours on that date and this amount did not appear on the bank statement. Required: 1. Prepare a bank reconciliation for the company as of October 31,2023. 2. Prepare the appropriate journal entries required from the reconciliation