Question 2 101 DR CR Second Company Bank Reconciliation 2016-04-31 LEDGER BANK Opening ! 4000 3213 Outstanding deposits Deposit #18 660 Deposit #20 435 Outstanding Cheques Cheque #111 -55 Cheque #114 -333 EFT-depod 75 EFT- With -110 Service chl -45 Reconciled 3920 3920 General ledger Account: Cash Date Description 1-May opening balance 5-May Cheque # 115 8-May Cheque # 116 12-May Deposit #21 15-Mayl cheque # 117 19-Mayl Cheque # 118 25-May Deposit #25 30-May Deposit #26 70 Balance 3920 DR 96 3824 DR 109 3715 DR 3785 DR 260 3525 DR 222 3303 DR 3655 DR 4213 DR Bank statement Date Description 1-May Opening Balance 2-May Deposit #18 2-May Cheque #114 7-Mayl cheque # 115 11-May Cheque # 116 16-May Cheque # 117 17-May Deposit # 21 23-May Cheque # 118 29-May Deposit #25 29-May NSF 30-May service charges 31-May EFT-deposit May 1- 31-May Withdrawa Deposit balance 3213 660 3873 333 3540 96 3444 109 3335 260 3075 70 3145 222 2923 355 3278 70 3208 100 3108 123 3231 355 555 Second Company Bank Reconciliation 31-May Ledger Bank Opening Balances Outstanding deposits Outstanding Cheques Reconciled balances b) complete the adjusting entries required to update the journal Date Description 31-May JOURNAL ENTRIES HAVE EXPLANATIONS DR CR 31-May 31-May