You recently started an internship at a financial services company. Your boss provided you with the following information and asked you to prepare a bank reconciliation for the company as of November 30, 2021.

Cash balance per books, November 30	$7,000
Outstanding cheques, November 30	840
Deposit in transit, November 30	625
November bank service charges	10
Balance per bank statement	6,885

Additional information:

- The bank service charges for November have not been recorded by the company

- A customer's cheque for $500 was returned by the bank NSF (Not Sufficient Funds). The company intends to recover the funds from the customer.

- A cheque to a supplier for payment on account was erroneously entered as $752 in the company's records, but correctly written as $572 on the cheque itself and cashed as $572 by the bank.

Questions:

1. Prepare a bank reconciliation for the company as at November 30, 2021.

2. Prepare the journal entry or entries needed to adjust the company's accounts at November 30

3. A bank reconciliation is an important element of a system of internal control. Briefly describe two other internal control policies related to cash.