1 You are a college student and have just been hired to work part-time in the accounting department of Candy's Cleaning Services. The person you are replacing had difficulty preparing the bank reconciliation for April 30, which is shown below. CANDY'S CLEANING SERVICES Bank Reconciliation April 30, 2020 Bank balance $33,460 Book balance $28,942 Add: Deduct: Interest $ 51 NSF, customer $ 416 115 Error Chq #93 Bonne 166 $29,108 Outstanding Deduct: cheques : #879 $2,620 Service Charge 96 #100 1,412 4,448 Adjusted bank $29,012 Adjusted book $29,012 balance balance 1,412 Save & Exit Submit 4,448 Adjusted bank balance 1 $29,012 Adjusted book balance $29,012 In comparing the bank reconciliation to the Cash account in the general ledger, you notice a problem. You investigate further and come up with some additional information as follows: a. The Cash account in the general ledger showed the following: Acct. No. 101 Balance Debit Credit Cash Date Explanation PR 2020 March 31 Balance April 30 CR16 30 CD21 56,000 28,942 942 21,059 63,883 Help Save & Exit Submit March 31 Balance April 30 30 CR16 CD21 56,000 1 28,942 84,942 21,859 63,883 b. The error in cheque #93, for Utilities Expense, resulted from the bank incorrectly debiting our account for $115, the correct amount entered in the accounting records is $255. C. The bank statement showed interest expense of $51, there was no other interest d. The bank debited our account for cheque #879 written by Candy's Hair Salon e. Cheque #86 for $14,032 listed as outstanding on last month's bank reconciliation was not returned with the April 30 bank statement Required: a. Prepare a corrected bank reconciliation for April 30, 2020, CANDY'S CLEANING SERVICES last