The following information was available to reconcile Montrose Company's book balance of Cash with its bank statement balance as of October 31, 2020 a. After all posting was completed on October 31, the company's Cash account had a $16,502 debit balance but its bank statement showed a $36,725 balance. b. Cheques #296 for $1,669 and #307 for $15,957 were outstanding on the September 30 bank reconciliation. Cheque 1307 was returned with the October cancelled cheques, but cheque #296 was not. It was also found that cheque #315 for $1117 and cheque #321 for $2,502, both written in October, were not among the cancelled cheques returned with the statement c. In comparing the cancelled cheques returned by the bank with the entries in the accounting records, it was found that cheque #320 for the October rent was correctly written for $10,100 but was erroneously entered in the accounting records as $10,820. d. A credit memo enclosed with the bank statement indicated that there was an electronic fund transfer related to a customer payment for $21,635. A $150 bank service charge was deducted. This transaction was not recorded by Montrose before receiving the bank statement e. A debit memo for $4,065 listed a $4,004 NSF cheque plus a $61 NSF charge. The cheque had been received from a customer, Jefferson Tyler Montrose had not recorded this bounced cheque before receiving the statement, f. Also enclosed with the statement was a 592 debit memo for bank services. It had not been recorded because no previous notification had been received g. The October 31 cash receipts. $3,113, were placed in the bank's night depository after banking hours on that date and this amount did not appear on the bank statement Required: 1. Prepare a bank reconciliation for the company as of October 31, 2020, MONTROS COMPANY Hank Reconciliation October 31, 2020 Bank Statement Company's Books Bank statement balance Add: Book balance of cash Add: 5 $ 0 Deduct: Deduct: Adjusted book balance Adjusted bank balance 2. Prepare the General Journal entries necessary to bring the company's book balance of Cash into agreement with the reconciled balance View transaction list Journal entry worksheet