The December bank statement showed the following cheques and deposits Information from bank statement Date Particulars Debit Credit 31Dec. (To record the collection of note receivable) 31Dec. (To record NSF cheque) 31Dec. (To record cheque error) 31Dec (To record deposit error) 31. ListofAccounts Assistance Used Cash at bank Cash over and short Cash short and over Freight-out Miscellaneous expense Notes receivable Office supplies Petty cash Postage expense Sales Original balance of Cash at bank account Add: Less: $ $ Hint 1. To reconcile cash balance per bank statement, add outstanding deposits and deduct any unpresented cheques. Hint 2. Compare outstanding deposits in previous period's reconciliation statement, deposits recorded in Cash receipts journal, and deposits recorded in current bank statement. Any deposits made but not yet recorded by the bank are included as outstanding deposits. Hint 3. Match the number of each cheque listed in current bank statement with unpresented cheques from previous period's reconciliation statement and current Cash payments journal. Any cheques made but not yet recorded by the bank are included as unpresented cheques. Hint 4. Adjust cash balance per book with notes receivable collection, dishonoured cheque, and errors made by Kona Ltd. Hint 5. The adjusted cash balance per bank statement must equal the adjusted cash balance per book. Hint 6. A dishonoured cheque becomes an account receivable to the depositor. Using the four steps in the reconciliation procedure, complete the bank reconciliation at 31 December 2020. (List multiple items in order of magnitude. Round amounts to 2 decimal places.) List of Accounts Assistance Used Cash at bank Cash over and short Cash short and over Freight-out Miscellaneous expense Notes receivable Office supplies Petty cash Postage expense Sales Hint 1. To reconcile cash balance per bank statement, add outstanding deposits and deduct any unpresented cheques. Hint 2. Compare outstanding deposits in previous period's reconciliation statement, deposits recorded in Cash receipts journal, and deposits recorded in current bank statement. Any deposits made but not yet recorded by the bank are included as outstanding deposits. Hint 3. Match the number of each cheque listed in current bank statement with unpresented cheques from previous period's reconciliation statement and current Cash payments journal. Any cheques made but not yet recorded by the bank are included as unpresented cheques. Hint 4. Adjust cash balance per book with notes receivable collection, dishonoured cheque, and errors made by Kona Ltd. Hint 5. The adjusted cash balance per bank statement must equal the adjusted cash balance per book. Hint 6. A dishonoured cheque becomes an account receivable to the depositor. Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording cheques should be made to Accounts payable. The correction of any errors relating to recording cash receipts should be made to Accounts receivable.) Kona Ltd uses the following accounts: Cash, Accounts receivable, Interest revenue, Notes receivable, Accounts payable, Sales, Miscellaneous expense. (For multiple debit/credit entries, list accounts in order of magnitude. Enter all debit entries first, followed by all credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round amounts to 2 decimal places.) Kona Ltd's cash records for December showed the following: Cash payments journal Cash receipts journal The bank statement contained two items. 1. A credit of $3145 for the collection of a $3000 note for Kona Ltd; plus interest of $160 and less a collection fee of $15. Kona Ltd has not accrued any interest on the note. 2. A debit of $647.10 for a NSF cheque written by A. Jordan, a customer. At 31 December the cheque had not been redeposited by the bank. At 31 December the cash balance per Kona Ltd records before preparation of the reconciliation was $13034.30, and the cash balance per bank statement was $19580.00. The bank did not make any errors, but two errors were made by Kona Ltd