The bank portion of last months bank reconciliation showed the following for P Comapny.:

P Comapany
Bank Reconciliation
April 30, 2020
Cash balance per bank					$12612
Add: Deposits in trassit					4230
					16842
Less: Outstanding Checks
	#533			$1860
	#541			982	2842
Reconciled cash balance					$14000

The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at April 30. The May bank statement showed the following:

River Adventures cash receipts and payments for the month of May showed the following:

Additional information:

1) The bank made an error when processing cheque #543.

2) The EFT collection from A. Osborne was not previously recorded.

3) Because the EFT for prepaid insurance payment occurred near the end of the month, it has not been recorded yet.

4) The companys policy is to pass on any charges for NSF fees on to the customer.

Required:

1. Prepare the bank reconciliation at May 31, 2020
2. Prepare any journal entries required from the reconciliation.

1. Prepare Bank Reconciliation here.

2. Prepare journal entries here:

DATE	ACCOUNTS & DESCRIPTION	DEBIT	CREDIT

Amounts Added to Account (credits) 4,230 2,114 Amounts Deducted Date Description from Account (debits) Apr. 30 Opening balance May 1 Deposit 3 Cheque No. 541 982 4 Cheque No. 533 1,860 6 Cheque No. 542 1,620 6 Deposit 10 Cheque No. 543 2,210 18 EFT, collection on account from A. Osbome. 19 Cheque No. 544 926 28 Deposit 28 Returned cheque - NSF, R. La jeunesse 1,105 28 NSF fee 45 30 EFT, prepaid insurance payment 927 31 Bank service charges and debit and credit card fees 95 Balance 12,612 16,842 15,860 14,000 12,380 14,494 12,284 13,759 12,833 14,652 13,547 13,502 12,575 12,480 1,475 1,819 Cash Receipts Date Amount May 6 $ 2,114 28 $ 1,819 31 $ 1,524 $ 5,457 Cash Payments Date Number Amount May 5 542 $ 1,620 7 543 2,120 15 544 926 31 545 1,535 $ 6,201