Please answer Questions 1,2 and 3!

Calculator Bank Reconciliation May 31 Cash balance according to bank statement Add deposit of May 31, not recorded by bank $ 8,570 Add bank error in charging check as $630 instead of $360 Deduct outstanding checks Adjusted balance Cash balance according to company's records E Adjusted balance 2. Journalize the necessary entries (a.) that increase cash and (b.) that decrease cash. The accounts have not been closed. For a compound transaction, if an amount box does not require an entry, leave it blank. a. May 31 Cash Notes Receivable Interest Revenue b. May 31 Accounts Payable-Adkins Co. Accounts Payable-Jennings Co. Miscellaneous Expense Cash 3. If a balance sheet is prepared for Brentwood Bike Co. on May 31, what amount should be reported as cash?Bank Reconciliation and Entries The cash account for Brentwood Bike Co. at May 1 indicated a balance of $13,830. During May, the total cash deposited was $69,700 and checks written totaled $64,720. The bank statement indicated a balance of $23,630 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 $10,520. b. A deposit of $8,570, 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. $4,530 on a note left for collection. The face of the note was $4,180. d. A check for $360 returned with the statement had been incorrectly charged by the bank as $630. e. A check for $850 returned with the statement had been recorded by Brentwood Bike Co. as $580. The check was for the payment of an obligation to Adkins Co. on account. f. Bank service charges for May amounted to $70. g. A check for $1,050 from Jennings Co. was returned by the bank because of insufficient funds. Instructions: 1. Prepare a bank reconciliation as of May 31. Brentwood Bike Co. Bank Reconciliation May 31 Cash balance according to bank statement $ Add deposit of May 31, not recorded by bank $ 8,570 Add bank error in charging check as $630 instead of $360 Deduct outstanding checks Adjusted balance Cash balance according to company's records E Adjusted balance ) that I (b.) that decrease The osed. For