Question 16 12 Gulf corporation deposits all of its cash and cheques received in the bank on the same day and makes all cash payments by weight the close of in September 30, 2019. its Cash account shows a $7.000 debit balance. Gulf corporation's September 30 bank statement shows $7.500 deposits in the back. The following prospective reasons were discovered for difference in the balance 1. The September 30th bank statement included a 5120 dcbit memorandum for bank service charge b. Check No. 9881, listed with the cancelled check, was correctly drwn for $1.293 in payment of a utility expense on September isch Gulf ourporation mistakenly tecided it with a debit to utilities expense and a credit to cash in the amount of S1,239 c. Outstanding checks as of September 30th are total $2,674 d. The September 30th cash receipts of $1,900 were placed in the bank's night depository after banking hours and were not recorded on the September sy bank vatem e. It is noted in the bank statement that an amount of $300 is directly credited in the company's bank account as interes mcome the has not been reported in the mouny cash book Required: (5 mark) Show adjusted balance in cash book and prepare a bank reconciliation statement For the toolbar, press ALT+F10 (PC) or ALT INFO Mac) T