On April 30, the bank reconciliation of Hidden Valley Company shows three outstanding cheques: No. 254 for $560; No. 255 for $262; and No. 257 for $620. The May bank statement and the general ledger Cash account in May show the following:

Additional information
1. The bank did not make any errors in May.
2. NSF is a customer's cheque that was returned because the customer did not have sufficient funds.
3. SC stands for service charge.
Instructions
(a) List the outstanding cheques at May 31.
(b) List any other items that must be included in the bank reconciliation. Describe the impact of each item on the bank reconciliation?

Transcribed Image Text:

HIDDEN VALLEY COMPANY Bank Statement (partial) Cheques Paid/Debits Date Cheque No. Amount 254 258 257 259 260 NSF 263 262 SC $560 159 620 275 500 395 May 2 12 15 20 28 30 30 54 HIDDEN VALLEY COMPANY Cash Account (partial) Cheques Written Date Cheque No. Amount May 2 258 259 260 261 262 263 264 $159 275 50 786 750 40 680 15 23 29