Moving to another question will save the response Question 16 of 17 Sove Question 16 5 points Gulf corporation deposits all of its cash and cheques received in the bank on the same day and makes all cash payments by issuing a cheque. At the close of business on September 30, 2019, its Cash account shows a $7,000 debit balance. Gulf corporation's September 30th bank statement shows $7.900 deposits in the bank. The following prospective reasons were discovered for difference in the balances. 1. The September 30th bank statement included a S120 debit memorandum for bank service charges b. Check No. 9881, listed with the cancelled check, was correctly drawn for $1,293 in payment of a utility expense on September 15th Gull corporation mistakenly recorded it with a debit to utilities expense and a credit to cash in the amount of S1,239 c. Outstanding checks as of September 30th are total 2,674 4. The September 30th cash receipts of $1,900 were placed in the bank's night depository after banking hours and were not recorded on the September 30th bank statement c. It is noted in the bank statement that an amount of $300 is directly credited in the company's bank account as interest income, this has not been reported in the company's cash book. Required: Show adjusted balance in cash book and prepare a bank reconciliation statement