On March $31,2023$ the bank account in the general ledger of Marcel Inc. showed a balance of $$12,950\mathrm{.}00$

The bank statement, on the same date, showed a balance of $$14,780\mathrm{.}00.$

A comparison of the details in the bank account in the general ledger and bank statement, revealed the following:

Cheque no$.356$ for $$2,020\mathrm{.}00$ was incorrectly entered on the Company's books as $$2,200\mathrm{.}00.$ This The March $31,2023$ receipts of $$1,200\mathrm{.}00$ were deposited by the Company in the night deposit A deposit made for $$5,350\mathrm{.}00$ on March $29,2023,$ was noted as being incorrectly deposited by the A cheque received and deposited for $$6,150\mathrm{.}00$ on March $27,2023,$ by a customer, on account, was not honoured by the customer's bank. Marcel Inc. had not made any adjustments for this.

The bank statement showed interest income of $$150\mathrm{.}00$ and the collection of a note receivable from a customer $$4,800\mathrm{.}00$ on March $30.$ Marcel Inc. had not adjusted for these transactions.

Required:

a$.$ Prepare the bank reconciliation for Marcel Inc. at March $31,2023.$

Prepare the necessary entries to adjust the bank account at March $31,2023.$

C$.$

Define internal controls