Hi can you please help me fill out the journal and the bank reconciliation
Bank reconciliation and entries Instructions Chart of Accounts Amount Descriptions Bank Reconciliation Journal Final Question Instructions The cash account for Brentwood Bike Co. at May 1 indicated a balance of $32,527. During May, the total cash deposited was $139,121, and checks written totaled $135,890. The bank statement indicated a balance of $43,660 on May 31. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: A. Checks outstanding totaled $6,625. B. A deposit of $1,888 representing receipts of May 31, had been made too late to appear on the bank statement. C. The bank had collected for Brentwood Bike Co. $5,250 on a note left for collection. The face of the note was $5,000 D. A check for $260 returned with the statement had been incorrectly charged by the bank as $620. E. A check for $410 returned with the statement had been recorded by Brentwood Bike Co. as $140. The check was for the payment of an obligation to Adkins Co. on account. F. Bank service charges for May amounted to $37. G. A check for $1,418 from Jennings Co. was returned by the bank due to insufficient funds. Instructions 1. Prepare a bank reconciliation as of May 31. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Deduct:" or"Add:" will automatically appear if it is required. 2. Journalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account titles. 3. If a balance sheet is prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash?CHART OF ACCOUNTS Brentwood Bike Co. General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Ca 610 Interest Revenue 112 Accounts Receivable-Jennings Co. 131 Notes Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense 146 Store Supplies 151 Prepaid Insurance 516 Cash Short and Over 520 Salaries Expense 181 Land 191 Office Equipment 631 Advertising Expense 192 Accumulated Depreciation-Office 532 Delivery Expense 533 Insurance Expense Equipment 193 Store Equipmen 534 Office Supplies Expense 194 Accumulated Depreciation-Store 535 Rent Expense Equipment 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense LIABILITIES 561 Depreciation Expense-Office 211 Accounts Payable-Adkins Co. Equipment 221 Notes Payable 562 Depreciation Expense-Store 222 Interest Payable Equipment 231 Salaries Payable 590 Miscellaneous Expense 241 Sales Tax Payable 710 Interest Expense EQUITY 310 Owner, Capital Owner, Drawing 312 Income Summary Amount Descriptions Amount Descriptions Bank error in charging check as $260 instead of $620 Bank error in charging check as $620 instead of $260 Bank service charges Check returned because of insufficient funds Company error in recording note collected by bank Deposit of May 31, not recorded by bank Error in recording check Outstanding checks Note and interest collected by bank1. Prepare a bank reconciliation as of May 31. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Deduct:" or "Add:" will automatically appear if it is required. Whenever there is more than one adjusting item in the bank portion of the reconciliation or the general ledger portion of the bank reconciliation, enter in the order presented in the instructions. BRENTWOOD BIKE CO. Bank Reconciliation May 31 1 Cash balance according to bank statement W N 6 Adjusted balance 8 Cash balance according to company's records 10 11 12 13 14 Adjusted balance Journal 2. Journalize the necessary entries. The accounts have not been closed. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. DEBIT CREDIT ASSETS LIABILITIESQUITY A W I Final Question 3. If a balance sheet were prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash? $
