Question: Question 2 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Callaho Inc. for the

Question 2 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Callaho Inc. for the month ended December 31, 2015. Please enter journal entries for each of the following, if required 1. Outstanding deposit 2. Interest earned 3. NSF cheque 4. Bank service charge 5. Error 6. Notes receivable collected 7. Outstanding cheque Bank statement balance Add: Outstanding deposit... Callaho Inc. Bank Reconciliation November 30, 2015 15,000 Book balance... Add: 1,050 Interest earned... 16,050 Deduct: Outstanding cheques: #668 Adjusted bank balance.. 15,050 5 15,055 Deduct: Bank service charge... 5 1,000 15,050 Adjusted book balance.. 15,050

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