Question 3 Cash and Bank (9 marks): Gold Medal Limited needs your help with preparing its bank reconciliation at the end of August 2021 and has provided the following information to assist you in doing this: Bank statement balance (1 August 2021) $12,000 Bank statement balance (31 August 2021) $15,000 Cash balance per the general ledger $13,720 Items discovered on bank statement: Returned NSF cheque $200 Collection of electronic funds transfer $600 Items not included on bank statement, but included in the general ledger: Outstanding cheques $2,400 Deposits in transit $1,700 A cheque for $350 dated 7 August 2021 cleared the bank on 23 August 2021. Gold Medal Limited recorded this cheque, which was a payment on account, for $530. REQUIRED: Prepare: a) The journal entries required. (4 marks) b) The T-Account in the general ledger for cash. (1 mark) c) The August bank reconciliation. (4 marks)