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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

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 31,2023
Balance per books May 31 $ 9,500
Add:
Electronic Fund Transfer $ 1,060
Deposit in transit 2,4553,515
$ 13,015
Deduct:
Bank charges $ 10
NSF cheque, Rhonda Teal 500
Outstanding cheques 1,800
Error in cheque #78: correctly issued and processed by the bank for $762, but incorrectly recorded in the books as $726(Accounts PayableDelta Co.)362,346
Indicated bank balance $ 10,669
Balance per bank statement 9,359
Discrepancy $ 1,310
Required:
1. Prepare a proper bank reconciliation showing the true Cash balance.
2. Prepare the necessary journal entries.

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