The balance of bank statement of CDC Co. as at December 31, 2020 was $197,500. Following summarizes the differences between bank and books: 1. Deposits in transit as at November 30 was $1,409. 2. Deposits recorded in the books and bank during December were $9,580 and $10,910. 3. Outstanding cheques as at December 31 amounted to $522. 4. Electronic receipts from customers totaled $1,860, but these receipts have not yet been recorded by CDC in December 3. Interest revenue earned in December totaled $798 and it hasn't been recorded by CDC. 6. The bank charged CDC $147 for services in December 7. The bank made a mistake in processing a payment of $678 as $687 in December. Required: 1. Prepare any necessary journal entries for bank reconciliation as at December 31, 2020 (3 Points), 2. What is the reconciled balance of cash as at December 31, 2020, clearly show calculations for numbers not given (4 Points)