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On April 30, 2020, bank balance of Fabulous Company according to the company's record was $ 4.859.50, while according to the record of Richie Bank,

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On April 30, 2020, bank balance of Fabulous Company according to the company's record was $ 4.859.50, while according to the record of Richie Bank, it was only $ 4,615.25. Below is the data that occurred in April 2020 as the basis of comparison between company's record and bank's record: 1. Deposit that had not been recorded by bank was $2,500 2. Total of outstanding checks on April 30, 2020 was $1,817.05 3. Notes Receivable with amount of $1,200 had been collected by bank for Fabulous Company with the interest of $20 and bank charged $10 for the administration expense of this transaction. 4. On April 30, 2020 a staff of Finance Department of Fabulous Company went to the bank to cash a check with amount of $647.30 which was received from a customer, William Gibson, but the bank rejected the check due to insufficient fund in William Gibson's account. 5. Payment of bank administration expense $15 had not been recorded in the journal of Fabulous Company. 6. Fabulous Company issued a check No. 1270 for payment to a supplier, Peter Walker, with amount of $ 643. Fabulous Company recorded the transaction incorrectly. It was recorded 7. Check withdrawal of $427 but it was recorded by Richie Bank as $527. Instructions: 1) Prepare Bank Reconciliation for Fabulous Company based on the data above. 2) Prepare the Journal Entries of the bank reconciliation

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