You have recently started an internship in BankRec, Inc., a financial services company Your supervisor provided you with the following information and asked you to prepare a bank reconciliation for BankRec, Inc., as at October 31, 2021 a Cash balance per books. October 31 Outstanding cheques, October 31 Deposit in transit, October 31 October bank service charges Balance per bank statement 57.000 840 625 10 6.885 Other information: The bank service charges for October have not been recorded by BankRec A customer's cheque for $500 was returned by the bank NSF (Not Sufficient Funds). BankRec. intends to recover the funds from the customer A cheque to a supplier for payment on account was erroneously entered as $752 on BankRec's records, but was correctly written as $572 on the cheque itself and cashed as $572 by the bank REQUIRED: 1. Prepare a bank reconciliation for BankRec, Inc as at October 31, 2021. (5 marks) 2. Prepare the journal entry or entries needed to adjust BankRec's accounts at October 31. (3 marks) 3. A bank reconciliation is an important element of a system of internal control Briefly describe two other internal control policies related to cash (2 marks)