Using the following information, prepare a good format bank reconciliation for Biling Inc. at May 31, 2022: 1. The unadjusted bank statement balance is $7,200. 2. The unadjusted cash account balance is $6,024. 3. Outstanding cheques totalled $1,600. 4. Deposits in transit are $8001 5. The bank service charge is $24 6. Electronic collections on account totalled $400 The bank statement for Alberta Inc, shows an unadjusted balance of $2,330 at June 30, 2022, while the unadjusted cash balance per books was $599. The following information pertains to the bank transactions for the company. 1. Deposits of $160, representing cash receipts of June 30, did not appear on the bank statement 2 Outstanding cheques totalled $240. 3. Bank service charges for June were $19. 4. Electronic collections on account totalled $1.470, and have not yet been recorded by the company, 5. An NSF cheque for $80 from a customer was returned with the statement. 6. Cheque #18 was correctly written for $891.23 for a payment on account. It was processed by the bank for $98123 Prepare any joumal entries necessary as a result of the bank reconciliation. Explanations are required