Problem 2 (25 points) 1. Shown below is partially completed bank reconciliation for Wine & Friends Ltd at November 30, 2018 as well as additional data necessary to answer the questions that follow. (15 points) WINE &FRIENDS LTD. Bank Reconciliation November 30, 2018 $25,600 Balance per bank statement, Nov.30 Less: Adjusted balance $23,097 Balance per depositors records, Nov. 30 Less:.. Adjusted balance (as above Additional information a Outstanding checks: no. 101 for $78; no. 104 for $289; no. 105 for $407. b Check no. 108 (for repair expense) was correctly written for $430 but erroneous recorded in Wine & Friends Ltd's records as $230 c Deposits in transit, $2,003. d Note receivable collected by the bank and credited to Wine & Friends account, $4,421. e NSF check of Mr., White, one of Wine&Friends Ltd's clients, $389. f Bank service charge for November, $100. CUlSchool pare the necessary journal entries (in general journal form) to adjust the accounting records of 30. (Explanations may be omitted; one compound journal entry is Wine & Friends Ltd. as of November acceptable). (5 points) 3. Determine the amount of cash and cash equivalents that should be reported in the company's balance sheet dated November 30. (5 points)