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23 On May 31.202X the Cash account of Perkins Supply Company had a balance of $43.820 On that date, the bank statement indicated a balance

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23 On May 31.202X the Cash account of Perkins Supply Company had a balance of $43.820 On that date, the bank statement indicated a balance of $54,600. The bank reported the collection of a note receivable for Perkins of $6.300 plus $300 of interes: The $1700 cheque of a customer. Raymond Frank. was returned by the bank because of insufficient funds. The bank charged Perkins $60 for services. The bank erroneously failed to credit a $4,200 deposit to Perkins' account It was observed that the bank statement did not include a deposit of $4,700 made by Perkins on May 31 and that pheques fotaling $13,400 lssued by Perking had not cleared the bank. Perkins recorded an insurance expense payment of $160 as 51600 (a) Prepare a bank reconciliation (in good form) is of May 31. (b) Prepare. in general fournat torm, the entry (entries)

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