All Ways Enterprises began operations on May $2,2023,$ depositing $$49,000$ in the bank. During this first month of$$ business, the below transactions occurred that affected the Cash account in the general ledger.

LOADING... $($Click the icon to view the$$ transactions.$)$

Shortly after the end of May$,$ the company received its first bank statement.

LOADING... $($Click the icon to view the May bank$$ statement.$)$

In preparing to do the bank$$ reconciliation, All Ways Enterprises noticed that the $$$$2,900$ deposit on May $29$ was a bank error and informed the bank. The bank will correct the error on the next bank statement.

Required

Prepare All Ways $$Enterprises$\text{'}$ bank reconciliation for May $31,2023.$

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Part $1$

Begin by preparing the bank section of the bank reconciliation.$$ Then, prepare the book section of the bank reconciliation.

All Ways Enterprises

Bank Reconciliation

May $31,2023$

BANK:

Add:

Less:

Cheque Number:ledger.

i $($Click the icon to view the transactions.$)$ledger$.$

$($i$)($Click the icon to view $t$

Shortly after the end of May, $t$

$($i$)($Click the icon to view $t$

In preparing to do the bank re

statement.

Required

Prepare All Ways Enterprises

Begin by preparing the bank s

Bank Statement

d informed the bank. The bank will correct the error on the next bank

d informed the bank. The bank will correct the error on the next bank