Following is information on the Canada Company. Required: Prepare a bank reconciliation and general journal entries...

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Following is information on the Canada Company. Required: Prepare a bank reconciliation and general journal entries for the month of May. Date Apr 30 Balance May 1 Payment oft May rent # 3410 2 Establish petty cash ftund #3411 Collected from Smith Inc. 5 Payment to Lethbridge Co #3412 8 11 26 29 30 30 30 30 Received payment ftrom Calgary Co Payment oft May utilities #3413 Withdrawal by owner # 3414 Collected on account ftrom Alberta Co May payroll net pay total #3415 Petty cash reconciliation # 3416 Cash sales ftor May Cash Explanation Balance Per Bank Add: Deposit in Transit Total Outstanding Cheques Adjusted Bank Balance # 3409 # 3410 # 3412 # 3411 # 3413 # 3415 # 3414 OvrDrft SC # 3409 Cheques/Charges $83,540 $4,500 $88,040 Bank Statement TO: Canada Company $540 $87,500 Canada Company Bank Reconciliation April 30, 2020 5/2/200X $540 5/3/200X $20,000 5/31/200X 5/31/200X 5/9/200X $45,325 5/9/200X $300 5/27/200X $2,565 5/30/200X $60,650 5/30/200X $3,600 PR $500 $50 G1 G1 G1 G1 G1 G2 G2 G2 G2 G2 Book Balance 5/1/200X 5/5/200x 5/11/200X Adjusted Bank Balance 5/30/200x Debit 05/31 Int $24,059 $9,800 $5,121 $125,800 Account # Credit Deposits $20,000 $300 $87,500 $67,500 $67,200 $91.259 $45.934 $55,734 $2,565 $53,169 $3,600 $49.569 $54,690 -$5,963 -$6,236 $119,565 $45,325 $60,650 $275 $4,500 $24,059 $9,680 101 First Provincial Bank oft Taber May 31, 2020 $5,121 Balance $45 $87.500 $87,500 $83,540 $87,500 $67.500 $91,559 $46,234 $45,934 $55,614 $53,049 -$7,601 -$11.201 -$11.201 -$6,080 -$6,580 -$6,585 Following is information on the Canada Company. Required: Prepare a bank reconciliation and general journal entries for the month of May. Date Apr 30 Balance May 1 Payment oft May rent # 3410 2 Establish petty cash ftund #3411 Collected from Smith Inc. 5 Payment to Lethbridge Co #3412 8 11 26 29 30 30 30 30 Received payment ftrom Calgary Co Payment oft May utilities #3413 Withdrawal by owner # 3414 Collected on account ftrom Alberta Co May payroll net pay total #3415 Petty cash reconciliation # 3416 Cash sales ftor May Cash Explanation Balance Per Bank Add: Deposit in Transit Total Outstanding Cheques Adjusted Bank Balance # 3409 # 3410 # 3412 # 3411 # 3413 # 3415 # 3414 OvrDrft SC # 3409 Cheques/Charges $83,540 $4,500 $88,040 Bank Statement TO: Canada Company $540 $87,500 Canada Company Bank Reconciliation April 30, 2020 5/2/200X $540 5/3/200X $20,000 5/31/200X 5/31/200X 5/9/200X $45,325 5/9/200X $300 5/27/200X $2,565 5/30/200X $60,650 5/30/200X $3,600 PR $500 $50 G1 G1 G1 G1 G1 G2 G2 G2 G2 G2 Book Balance 5/1/200X 5/5/200x 5/11/200X Adjusted Bank Balance 5/30/200x Debit 05/31 Int $24,059 $9,800 $5,121 $125,800 Account # Credit Deposits $20,000 $300 $87,500 $67,500 $67,200 $91.259 $45.934 $55,734 $2,565 $53,169 $3,600 $49.569 $54,690 -$5,963 -$6,236 $119,565 $45,325 $60,650 $275 $4,500 $24,059 $9,680 101 First Provincial Bank oft Taber May 31, 2020 $5,121 Balance $45 $87.500 $87,500 $83,540 $87,500 $67.500 $91,559 $46,234 $45,934 $55,614 $53,049 -$7,601 -$11.201 -$11.201 -$6,080 -$6,580 -$6,585

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