7.5 please.

PSA7.5 Prepare bank reconciliation statement and adjusting entries. LO4 per company records of $5681.50 debit On 31 May 2018 Computec Ltd had a cash balance as The bank statement from Community Bank on that date showed a credit balance of S A comparison of the statement with the cash account revealed the following facts. 488 Financial accounting: Reporting, analysis and decision making 1. The statement included a debit entry of $60 for the printing of additional company cheques 2. Cash sales of $836.15 on 12 May were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $846.15. The bank credited Computec Ltd for the correct amount. 3. Unpresented cheques at 31 May totalled $1276.25, and outstanding deposits were $836.15. 4. On 18 May Computec Ltd issued cheque no. 1181 for $685 to M. Helms on account. The cheque, which cleared the bank in May, was incorrectly journalised and posted by Computec Ltd for $658. 5. A $3000 note receivable was collected by the bank for Computec Ltd on 31 May plus $80 interest. The bank charged a collection fee of $20. No interest has been accrued on 6. Included with the cheques paid was a cheque issued by Teller Pty Ltd to P. Jonet for $600 1. On 3l May the bank statement showed a dishonoured cheque of $700 that had been issued Required (a) Prepare the bank reconciliation as at 31 May 2018. the note. that was incorrectly charged to Computec Ltd by the bank. by W. Hoad, a customer, to Computec Ltd. (b) Prep are the necessary adjusting entries as at 31 May 2018. LO8