She 5 points Gulf corporation deposits all of its cash and cheques received in the bank on the same day and makes all cash payments by issuing a cheque At the close of business on September 30, 2019, its Cash account shows a 57.000 debit balance. Gulf corporation's September 30th bank statement shows $7.900 deposits in the bank The following prospective reasons were discovered for difference in the balances. a The September 30th bank statement included a $120 debit memorandum for bank service charges. b. Check No 9881, listed with the cancelled check, was correctly drawn for $1.293 in payment of a utility expense on September 13th Gulf corporation mistakenly recorded it with a debit to utilities expense and a credit to cash in the amount of $1.239. Outstanding checks as of September 30th are total $2,674 d. The September 30th cash receipts of S1,900 were placed in the bank's night depository after banking hours and were not recorded on the September 10th bank statement e. It is noted in the bank statement that an amount of $300 is directly credited in the company's bank account an interest income, this has not been reported in the company's cash book Required: (5 marks) Show adjusted balance in cash book and prepare a bank reconciliation statement