Using the reconciling items below, prepare a bank reconciliation for the September 30, 2020 year end. For every item on the bank reconciliation, explain what supporting evidence you would obtain to test the item (be specific, do not just say look at supporting documentation). Also, provide your conclusion based on your bank reconciliation, is the cash balance in the clients books correct? If not quantify the error. (12 marks)

1. Cash balance per client $100,000

2. Cash balance per the bank statement $100,000

3. The company wrote mailed the following cheques on September 30, 2020, which did not get cashed until October 2, 2020. a. Cheque 1234 $2,000 b. Cheque 2345 $4,000 c. Cheque 3456 $1,000

4. In September, the company received a payment from a customer for $4,000, however the receipt was accidentally recorded twice.

5. In September, the company earned $35 of interest on the money it had in the bank.

6. In September the bank charged the company a $20 service fee.