QUESTION 4. The following information is available to reconcile MOPAO-MM Companys book balance of cash with its bank statement cash balance as of July 31.2010: a. After all posting is complete on July 31, the companys cash account has a RWF 26 193 debit balance, but its July bank statement shows a RWF 28 020 cash balance. b. Cheque N 3031 for RWF 1 380 and cheque n 3040 for RWF 552 were outstanding on the June 30 bank reconciliation. Cheque n 3040 is listed with the July canceled checks, but cheque n 3031 is not. Also, cheque n 3065 for RWF 336 and Cheque n 3069 for RWF 2 148, both written in July, are not among the canceled cheque on July 31 statement. c. In comparing the canceled cheques on the bank statement with the entries in the account records, it is found that cheque n 3056 for July was correctly written and drawn for RWF 1 250 but was erroneously entered in the accounting records as RWF 1 230. d. A credit memorandum enclosed with the July bank statement indicates the bank collected RWF 9 000 cash on a noninterest- bearing not for MOPAO-MM , deducted a RWF 45 collection fee, and Credited the remainder to its accounts. MOPAO-MM had not recorded this event before receiving the statement. e. A debit memorandum for RWF 805 lists a RWF 795 NSF cheque plus a RWF 10 NSF charge. The Cheque had been received from a customer. MOPAO-MM has not yet recorded this cheque as NSF. f. Enclosed with the July statement is a RWF 15 debit memorandum for bank services. It has not yet been recorded because no previous notification had been received. g. MOPAO-MMs July 31 daily cash receipt of RWF 10 152 were placed in the banks night depository on that date, but do not appear on the July 31 bank statement. Required: - Prepare the bank reconciliation for this company as of July 31, 2010. - Prepare the journal entries necessary to bring the companys book balance of cash into conformity with the reconciled cash balance as of July 31, 2010. - State the amount of cash to be reported on the Balance sheet at the end of July . - Assume the July 31, 2010, bank reconciliation for this company is prepared and some items are treated incorrectly. For each of the following errors, explain the effect of the error on the adjusted bank statement cash balance and the adjusted cash account book balance. a. The companys unadjusted cash account balance of RWF 26 193 is listed on reconciliation as RWF 26 139 Page 6 b. The banks collection of the RWF 9 000 note less the RWF 45 collection fee is added to the bank statement cash balance on the reconciliation.