Question 5: Pan Parag Co.'s Cash account shows a $5,500 debit balance and its bank statement shows $5,160 on deposit at the close of business on August 31. Prepare a bank reconciliation using the following information. [5 Marks] 1. August 31 cash receipts of $1,240 were placed in the bank's night depository after banking hours and were not recorded on the August 31 bank statement. The bank statement shows a $120 NSF check from a customer; the company has not yet recorded this NSF check. Outstanding checks as of August 31 total $1,120. In reviewing the bank statement, an $80 check written by Organic Fruits was mistakenly drawn against Pan Parag's account. The August 31 bank statement lists $20 in bank service charges; the company has not yet recorded the cost of these services. iii. iv. V