Question 5 - Prepare bank reconciliation and required adjusting journal entries for Sun Company for Oct 31, 2020 using the following information:40 marks

The balance on the Oct 31, 2020 bank statement is $42,229.

The balance on the cash account in the book on Oct 31, 2020 is $35,344.

The accountant mistakenly recorded a $384 cash receipt as $224.

The bank mistakenly recorded a deposit of $4,100 made by a different company into Sun Company's account on Oct 20, 2020.

The bank statement indicated bank service charges of $54 for Oct 31, 2020.

Outstanding cheques as of Oct 31, 2020, amount to $3,894.

Deposits in transit as of Oct 31 2020, amount to $1150.

Bank charged $65 for an NSF cheque.