Question one The bank statement for XYZ Company shows a balance per bank of 7953.725 SAR on 30/07/2016. On this date, the balance of cash per books is 5794.725 SAR. Your review of the data reveals the following: 1- Outstanding checks on 30/07/2016 total 2952.00 SAR. 2- Deposits in transit on 30/07/2016 total 1100.70 SAR. 3- XYZ wrote a check for 613.00SAR and the bank correctly paid the amount. However, XYZ recorded the check as 631.00 SAR. 4- There are three items on the bank statement that are not recorded in the journal of XYZ company (bank memoranda) i. Collection of note receivable for 500.00 SAR plus interest earned 25.00 SAR less bank collection fee 7.50SAR. ii. Charge for printing company checks 15.00 SAR. iii. NSF (Not sufficient funds) check from ABC Company for 212.80 Instruction 1- Prepare a bank reconciliation on 30/07/2016. 2- Journalize the entries required by the reconciliation. Question two On 01/01/2017, XYZ Company established a 5,000 SAR petty cash fund. On 31/01/2017, the fund had 2,370 SAR cash remaining and petty cash receipts for office supplies 900 SAR; postages 800 SAR; freight-out 7000 SAR; Miscellaneous expenses 300 SAR. Instruction Prepare journal entries to establish the fund on 01/01/2017 and to replenish the fund on 31/01/2017