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Question 4 The October 31 bank statement of Spooky Halloween Costumes Ltd. (SHC) has just arrived from TD Bank. To prepare the SHC bank reconciliation,

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Question 4 The October 31 bank statement of Spooky Halloween Costumes Ltd. (SHC) has just arrived from TD Bank. To prepare the SHC bank reconciliation, you gather the following data: SHC's Cash account shows a balance of $2,256.14 on October 31. The October 31 bank balance is $4,023.05. The bank statement shows that SHC earned $38.19 of interest on its bank balance during October. This amount was added to SHC's bank balance. SHC pays utilities of $250 and insurance of $100 by EFT. The following SHC cheques did not clear the bank by October 31: . . Cheque # 237 288 291 293 294 295 296 Amount $46.10 141.00 578.05 11.87 609.51 8.88 101.63 . . . . The bank statement includes a donation of $850, electronically deposited to the bank for SHC. The bank statement lists a $10.50 bank service charge. On October 31, the SHC treasurer deposited $16.15, which will appear on the November bank statement. The bank statement includes a $300 deposit that SHC did not make. The bank added $300 to SHC's account for another company's deposit. The bank statement includes two charges for returned cheques from donors. One is a $395 cheque received from a donor with the imprint "Unauthorized Signature." The other is a nonsufficient funds cheque in the amount of $146.67 received from a client. 1. Prepare the bank reconciliation for SHC. 2. Journalize the October 31 transactions needed to update SHC's Cash account. You do not need to include an explanation for each entry

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