I need help with Problem 5.1 A-C and 5.2 A-C

Chapter 5 Problems Problem 5.1 The following information is available for use in preparing a bank reconciliation for Mechanical Engineers, Inc. for the month ended June 30, 20X8: 1) The June 30, 20X8, general ledger balance (balance per depositor's records) before preparation of the bank reconciliation is $92,400.05. 2) The bank statement for the month ended June 30, 20X8, from Davisville Bank is provided below. Note: Mechanical Engineers, Inc. became aware of information regarding all bank statement DM (debit memoranda) and CM (credit memoranda) information upon receipt of the June 30, 20X8, bank statement. Davisville Bank 590 S. Cherry Street Yourtown, PA 19040 Credit $11,000.00 Bank Statement Mechanical Engineers, Inc. 81 W. Front Street Yourtown, PA 19040 Statement of Account for June 1, 20X8-June 30, 20X8 Account # 37-4276211-1 Transaction Date Description Debit June 1 Opening balance...... June 2 Deposit ....... June 3 DM Service Charge $42.00 June 3 Check 4730 $120.00 June 5 Check 44729 $3,825.00 June 10 Check #4728 ...................... $6,40021 June 12 Check 14731 $166.47 June 14 DM NSF Check, Lang Co. Inc. ......... $4,910.00 June 15 Check #4735 $710.65 June 17 Check #4732 $1.296.00 June 18 Check #4733 $400.02 June 19 Check #4727 $670.82 June 20 Deposit.... June 22 Check #4734 $1,195.60 June 24 Check #4738 $610.50 June 26 Check 44736 $1,246.75 June 27 Check #4737 ............ $1,399.86 June 30 CM EFT Note receivable collection June 30 CM Interest paid....... Bank symbols: NSF = Not sufficient funds: DM = Debit memorandum: CM = Credit memorandum EFT - Electronic Fund Transfers (Receipt Bank Credit: Payment Bank Debit) Balance $94.004.75 $105,004.75 $104,962.75 $104,842.75 $101,017.75 $94.617.54 $94.451,07 $89,541.07 $88,830.42 $87,534.42 $87,134.40 $86,463.58 $98,863.58 $97,667.98 $97,057.48 $95,810.73 $94.410.87 $99,410.87 $99,500.00 $12.400.00 $5,000.00 $89.13 3) Mechanical Engineers, Inc. made a $10,000.00 deposit of cash sales receipts on June 30, 20X8, at the end of the workday. 4) The following checks recorded in the depositor's records had not yet cleared the bank at June 30, 20X8: Check #4714 written on 5/14/X8 for $747.89; Check #4739 written on 6/28/ X8 for $2,102.00; Check #4740 written on 6/30/X8 for $6,750.00; Check #4741 written on 6/30/X8 for $6,362.93. 137 5) Mechanical Engineers, Inc wrote check #4735 for $710.65 for utility expenses. However, the company erroneously recorded the check for $1,710.65 in the general ledger accounts. Required: a) Based on the information provided, prepare the June 30, 20X8 bank reconciliation for Mechanical Engineers, Inc. b) Based on the completed bank reconciliation, prepare adjusting entries. c) After completion of adjusting entries, what is the cash balance in the general ledger of Mechanical Engineers, Inc