Question 6 (18 marks) Part A (14 marks) Daryl Swan operates four video rental stores. She has just received the monthly bank statement at October 31, 2019 from Bank of Montreal, and the statement shows an ending balance of $4,180. Listed on the statement are an EFT rent collection by the bank for Swan of $150, a service charge of $15, four NSF cheques totalling $100, and a $20 charge for printed cheques. In reviewing her cash records, Swan identifies outstanding cheques totalling $306 and an October 31 deposit in transit of $1,002. During October she recorded a $315 cheque for the salary of a part-time employee as $31. Swan's Cash account shows an October 31 cash balance of $5,145. Required 1. Prepare a bank reconciliation for Daryl Swan to determine how much cash Swan actually has at October 31, 2019? (8 marks) Daryl Swan Bank Reconciliation October 31, 2019 Bank Balance, October 31, 2019 Adjustments: Adjusted bank balance Book Balance, October 31, 2019 Adjusted book balance 8 Question 6 (Continued) 2. By using the data from above, make the following joumal entries that Swan should record on October 31 to update her Cash account. (6 marks) a. To account for the EFT collection of rent Oct. 31 Accounts Debit Credit b. To account for NSF cheques retumed by the bank. Oct. 31 Accounts Debit Credit c. To correct the error in recording the salary of the part-time employee. Accounts Oct. 31 Debit Credit Part B (4 marks) Raj Department store has one cash register. On a recent day, the cash register tape reported sales in the amount of $12,675.12. Actual cash in the register (after deducting and removing the opening change of $100) was $12,649.81, which was deposited in the fim's account. Required: Prepare a joumal entry to record these cash sales. Accounts Debit Credit