Question 4 [35 points] Consider the following information and prepare a bank reconciliation, along with any resulting journal entries, for Benson Inc. for the month ended May 31, 2015. Please enter journal entries for each of the following, if required. 1. Outstanding deposit 2. Interest earned 3. NSF cheque 4. Bank service charge 5. Error 6. Notes receivable collected 7. Outstanding cheque Bank statement balance Add: Outstanding deposit Benson Inc. Bank Reconciliation April 30, 2015 17,500 Book balance Deduct Outstanding cheques: Adjusted bank balance #574 16.858 Add: 750 18,250 Interest eamed 12 16,870 Deduct: Bank service charge 20 1,400 16,850 Adjusted book balance.. 16,850 Bank Statement To: Benson Inc. May 31, 2015 Cheques/Charges/Debits Deposits/Credits Balance 17.500 #574 May 20, 2015 1,400 May 4, 2015 750 16,850 #584 May 20, 2015 950 May 7, 2015 1.150 17.050 #585 May 20, 2015 800 May 9, 2015 1,150 17,400 #583 May 20, 2015 1,400 May 14, 2015 1,400 17.400 #586 May 20, 2015 1,300 May 19, 2015 1,150 17,250 #588 May 20, 2015 #587 NSF May 21, 2015 May 21, 2015 835 1,450 450 16,415 14.965 14.515 Bank service charge May 31, 2015 20 Interest earned 14 14 509