Question 5 (25 marks) The December 31 bank statement of Counselling Services Association (CSA) has just arrived from Scotiabank. To prepare the CSA bank reconciliation, you gather the following data: A. CSA's Cash account shows a balance of $7,070.07 on December 31. B. The December 31 bank balance is $8,879.24. C. The bank statement shows that CSA earned $16.25 of interest on its bank balance during December. This amount was added to CSA's bank balance. D. CSA pays utilities ($250) and insurance ($80) by EFT. E. The following CSA cheques did not clear the bank by December 31: Cheque No. 237 288 291 Amount $ 45.15 143.00 512.25 11.57 609.58 6.35 103.54 293 294 295 296 1. F. The bank statement includes a donation of $820, electronically deposited to the bank for CSA. G. The bank statement lists a $12.50 bank service charge. H. On December 31, the CSA treasurer deposited $15.35, which will appear on the January bank statement The bank statement includes a $411 deposit that CSA did not make. The bank added $411 to CSA's account for another company's deposit. J. The bank statement includes two charges for returned cheques from donors. One is a $365 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. Requirements 1. Prepare the bank reconciliation for CSA, and then continue with the book side of the reconciliation. 2. Journalize the December 31 transactions needed to update CSA's Cash account. Include an explanation for each entry