$$The deposit of $1,650$ on May I is an electronic transfer from a customer in payment of its account. The amount includes$32$ of interest, which Sik Company had not previously accrued. $$The NSF for $540$ is for a$525$ cheque from a customer, J$.$ Kumi, in payment of his account, plus a $15$ processing fee. The

company's policy is to pass on all NSF processing fees to the customer. $$SC represents bank service charges for the month. $$The bank made an error when processing cheque #$564.$ The company also made two errors in the month. All cheques were written to pay accounts payable; all cash receipts were collections of accounts receivable. $4)$ Prepare bank reconciliation and related entries. $25$ marks Sik COMPANY Bank Reconciliation April $30,2023$ Cash Balance per bank $[9009$; $846$; $9855]$ Less: Outstanding cheques # $5261358$

# $533279$

# $541363$

# $555792079$

Adjusted cash balance per bank $7776$ The unadjusted cash balance at May $31$ was $ $1,075.$ The May bank statement showed the following: Sik COMPANY Bank Statement May $31,2023$ Date

Apr. $30$

May $1$

The company's recorded cash payments and cash receipts for the month were as follows: