Task Team of FUNDAMENTAL ACCOUNTING School of Business. Sun Yat-sen University Credit 6252 500.00 6253220.00 280.00 1,200.0 6257 970.00 6258 210.00 6259 40.00 6260 150.00 Cash cct. No. 101 Explanation PR Debit Credit Balance Balance 9.490.00 Sept 30 Total receipts R12 10.110.00 19.600.00 30 Total disbursements D23 3.590.0016.010.00 Other Information The bank statement shows an end of month balance of $17. 750. Check No. 6248 from last month did appear on this month s bank statement but check No. 6250 along with check No. 6255 and No. 6260 are still outstanding. The September 30 deposit of $ 1, 200 does not appear on the bank statement. The bank statement showed that the band earned $50 of interest income during recordkeeper misread the amount and entered it in the accounting records with a debit to audio Equipment and a credit to Cash of $120. A $420 check shown received from a customer, M Gordon, in payment of his account was returned NSF. Its return had not been recorded when the bank first notified the company. The bank statement showed the collection of a $1, 600 note fo the band by the bank. The bank deducted a $30 collection fee. The collection and fee are not yet Preparation Component (1)Prepare the September 30, 2002, bank reconciliation for this company (2)Prepare the journal entries to adjust the book balance of cash to the reconciled balance Analysis Component ()The bank statement reveals that some of the prenumbered checks in the sequence are missing Describe three possible situations that could explain thisTask Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University No. Credit 6252 500.00 6253 220.00 6254 280.00 6255 1,200.00 6256 20.00 6257 970.00 6258 210.00 6259 40.00 6260 150.00 ________ 3,590.00 Cash Acct. No. 101 Date Explanation PR Debit Credit Balance Aug.31 Balance 9,490.00 Sept.30 Total receipts R12 10,110.00 19,600.00 30 Total disbursements D23 3,590.00 16,010.00 Other Information The bank statement shows an end of month balance of $17,750. Check No. 6248 from last month did appear on this month’s bank statement but check No. 6250 along with check No. 6255 and No. 6260 are still outstanding. The September 30 deposit of $1,200 does not appear on the bank statement. The bank statement showed that the band earned $50 of interest income during the month. Check No. 6258 is correctly drawn for $210 to pay for audio equipment; however, the recordkeeper misread the amount and entered it in the accounting records with a debit to Audio Equipment and a credit to Cash of $120. A $420 check shown received from a customer, M. Gordon, in payment of his account was returned NSF. Its return had not been recorded when the bank first notified the company. The bank statement showed the collection of a $1,600 note for the band by the bank. The bank deducted a $30 collection fee. The collection and fee are not yet recorded. Required Preparation Component (1)Prepare the September 30, 2002, bank reconciliation for this company. (2)Prepare the journal entries to adjust the book balance of cash to the reconciled balance. Analysis Component (3)The bank statement reveals that some of the prenumbered checks in the sequence are missing. Describe three possible situations that could explain this