Question 2 (12 marks) Prepare a bank reconciliation dated December 31, 2017, for Welcome Inc. based on the following information. Balance per bank statement is $21,200.68. Balance per books is $20,559.40. The December bank statement indicated a service charge of $35. Cheque #1169 for $410.50 and cheque #1183 for $2,150.00 were outstanding. The bank had not received a deposit in transit of $3,443.22 when the bank statement was generated. A bank debit memo indicated an NSF cheque written by Bill Broke to Welcome Inc. on December 11, 2014, for $169. A bank credit memo indicated a bank collection of $1,700 and interest revenue of $28 on December 15, 2014. D.Focus 10 Without interruption, please reactivate now. Reallivale Question 3 (18 marks) Solei Company, a small merchandising company located in Surrey just hired you as a junior accountant to update their accounting records as a previous accountant unexpectedly left the company. Solei asked you to prepare journal entries for each of the following transactions that have not been recorded in the accounting books. Assume a perpetual merchandise inventory system. March 15: Purchased 220 units of merchandise inventory at $3 per unit. The seller offered a cash discount of 1.5/7, n/30. March 17: Returned 17 defective units and received full credit March 20: Paid the amount in full, less the returned items. March 21: Sold 55 units of merchandise for $8 per unit and granted Alola, the customer terms 1/10, 1/21 March 23: Alola Company returned 5 units and was granted a credit March 30: Received payment from Alola Date Accounts Debit Credit