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Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Checks BANK STATEMENT Deposits Other $ 80 Date May 1 4

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Use the following bank statement and T-account to prepare the May 31 bank reconciliation. Checks BANK STATEMENT Deposits Other $ 80 Date May 1 4 12 28 30 May 31 NSF check $80 #2 #4 #5 #6 #8 $ 40 130 50 45 85 Balance $320 360 150 100 375 255 320 Service charge 35 Cash (A) 320 May 1 May 3 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 320 May 29 May 30 May 31 85 210 425 Bank Statement Ending Balance per Bank Statement Additions: Bank Reconciliation May 31 Company's Books Ending Balance per Cash Account Additions: Deductions: Deductions: Up-to-Date Cash Balance 0Up-to-Date Cash Balance Use the following bank statement and T-account to prepare any journal entries needed as a result of the May 31 bank reconciliation. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Checks BANK STATEMENT Deposits Other $135 Date May 1 4 12 28 30 May 31 NSF check $135 #2 #4 #5 #6 #8 $ 95 185 105 100 140 Balance $540 580 260 155 595 365 540 Service charge 90 May 1 May 3 Cash (A) 540 135 105 100 110 140 May 3 #2 May 4 #3 May 8 #4 May 11 #5 May 21 #6 May 29 #7 May 30 #8 May 29 May 30 May 31 540 320 705 View transaction list Journal entry worksheet Record bank service charges. Note: Enter debits before credits. Transaction General Journal Debit Credit For the following transactions, prepare journal entries needed to adjust the company's books. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Outstanding checks of $14,000. b. Bank service charge of $70. c. Deposit in transit of $4,300. d. Interest earned of $25. View transaction list Journal entry worksheet

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