You are a college student and have just been hired to work part-time in the accounting department of Candy's Cleaning Services. The person you are replacing had difficulty preparing the bank reconciliation for April 30, which is shown below. Bank balance CANDY'S CLEANING SERVICES Bank Reconciliation April 30, 2020 $33,480 Book balance Add: Interest 426 Error Chg 193 $28,962 Deduct: NSF, customer Bonne $ 61 $ 155 216 $29,178 Outstanding cheques : 1879 #100 Adjusted bank balance $ 2,670 1,442 Deduct: Service Charge 4,538 $23,942 Adjusted book balance 236 $28,942 In comparing the bank reconciliation to the Cash account in the general ledger, you notice a problem. You investigate further and come up with some additional information as follows: Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation falls upon you. Brandon Company Bank Reconciliation May 31, 2020 Balance per books May 31 $ 9,530 Add: Electronic Fund Transfer $1,878 Deposit in transit 2,473 3,551 $13,081 Deduct: Bank charges 16 NSF cheque, Rhonda Teal 512 Outstanding cheques 1,818 Error in cheque #78: correctly issued and processed by the bank for $774, but incorrectly recorded in the books as $732 (Accounts Payable-Delta Co.) 2.88 Indicated bank balance $10,693 Balance per bank statement 9,383 Discrepancy $ 1,310 42 You are a college student and have just been hired to work part-time in the accounting department of Candy's Cleaning Services. The person you are replacing had difficulty preparing the bank reconciliation for April 30, which is shown below. Bank balance CANDY'S CLEANING SERVICES Bank Reconciliation April 30, 2020 $33,480 Book balance Add: Interest 426 Error Chg 193 $28,962 Deduct: NSF, customer Bonne $ 61 $ 155 216 $29,178 Outstanding cheques : 1879 #100 Adjusted bank balance $ 2,670 1,442 Deduct: Service Charge 4,538 $23,942 Adjusted book balance 236 $28,942 In comparing the bank reconciliation to the Cash account in the general ledger, you notice a problem. You investigate further and come up with some additional information as follows: Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation falls upon you. Brandon Company Bank Reconciliation May 31, 2020 Balance per books May 31 $ 9,530 Add: Electronic Fund Transfer $1,878 Deposit in transit 2,473 3,551 $13,081 Deduct: Bank charges 16 NSF cheque, Rhonda Teal 512 Outstanding cheques 1,818 Error in cheque #78: correctly issued and processed by the bank for $774, but incorrectly recorded in the books as $732 (Accounts Payable-Delta Co.) 2.88 Indicated bank balance $10,693 Balance per bank statement 9,383 Discrepancy $ 1,310 42