You have been given the following information to complete th…
You have been given the following information to complete the bank reconciliation. There were no outstanding items last month, so there is no prior month bank reconciliation needed. The general ledger detail is below, followed by the bank statement. Mel Co. Cash General Ledger Detail Acct No. 101 Date Explanation PR Debit Credit Balance 31-Oct Balance 20,277.71 01-Nov Cheque #543 GJ5 6,505.12 13,772.59 1 Cheque #544 GJ5 854.71 12,917.88 1 Cheque #545 GJ5 1,156.94 11,760.94 1 Cheque #546 GJ5 2,564.24 9,196.70 1 Cheque #547 GJ5 3,145.68 6,051.02 1 Cheque #548 GJ5 56.45 5,994.57 1 Cheque #549 GJ6 564.23 5,430.34 9 Deposit GJ6 1,584.97 7,015.31 9 Cheque #550 GJ6 3,457.15 3,558.16 9 Cheque #551 GJ6 985.64 2,572.52 18 Deposit GJ6 5,649.85 8,222.37 20 Cheque #552 GJ6 5,556.71 2,665.66 27 Cheque #553 GJ6 964.25 1,701.41 29 Deposit GJ6 1,250.65 2,952.06 RBC November BANK STATEMENT Cheques/Charges Deposit/Credit Balance 31-Oct 20,277.71 02-Nov #543 6,505.12 13,772.59 01-Nov #549 564.23 13,208.36 09-Nov #551 985.64 09-Nov 1,584.97 13,807.69 14-Nov #544 854.71 12,952.98 18-Nov #547 3,145.68 18-Nov 5,649.85 15,457.15 20-Nov #545 1,156.94 14,300.21 29-Nov #546 2,564.24 11,735.97 30-Nov INT 20.00 11,755.97 INT is interest earned on the account balance. a) Complete the bank reconciliation in the template below. (10 marks) b) What journal entry results from the bank reconciliation you just prepared? (3 marks)