May 4 May 15 Citibank Biden Lid Biden Ltd Bank Statement plus Cash Receipt Journal Checks Deposts Date Checks No. Amount Date Amount Date Number Amount Date Amount 911 $ 17.500 $ 12498 May 9 911 $ 17.500 May 16 $ 12.498 19 912 $ 2856 18 $ 11.042 27 913 $ 2.280 19 $ 11.042 24 913 $ 2280 23 $ 5.672 30 915 $ 650 24 $ 5.672 25 914 $ 5.374 30 $ 2 400 $ 20.430 total $ 29 212 27 915 $ 560 ti $ 31.612 The Bank statement above showed the list of checks and deposits total $ 28.570 The cash records per books for May showed the list of checks issued The Cubank statement contained one memoranda and cash deposits (1). A credit ofS7 300 for the collection of a $7,000 notet i William Company plus interest of $330 and bass a collection be of $30 Biden Company has not accrued any interest on the note. (2). The bank did not make any error relating to recording check amount but William Company made one error Instrudions (a) Prepare bank reconsiliation by completing the following forma b) Prepare the adjusting entries based on the reconciliaton (Hint the correction of any error pertaining to recording chedis should be made to Account Payable (a) Biden Ltd. BANK RECONCILIATION May 31 Cash balance per bank statement $ 36.682 Cash balance per books: $ 23.642