please help I would appreciate with explanation...

Problem 4-3A (Algo) Prepare the bank reconciliation and record cash adjustments (LO4-5)

The cash records and bank statement for the month of May for Copperfield Entertainment are shown below.

COPPERFIELD ENTERTAINMENT
Cash Account Records
May 1, 2024, to May 31, 2024
Cash Balance May 1, 2024	+	Cash Receipts			Cash Disbursements	=	Cash Balance May 31, 2024
$5,470		$11,090			$11,080		$5,480
Cash Receipts				Cash Disbursements
Date	Description		Amount	Date	Description	Memo	Amount
5/3	Sales		$1,270	5/7	DC	Legal fees	$1,110
5/10	Sales		1,700	5/12	DC	Property tax	1,480
5/17	Sales		2,330	5/15	DC	Salaries	3,410
5/24	Sales		2,800	5/22	DC	Advertising	1,310
5/31	Sales		2,990	5/30	CHK number 471	Supplies	360
				5/31	CHK number 472	Salaries	3,410
			$11,090				$11,080

P.O. Box 162647 Bowlegs, OK 74830 (405) 369-CASH		Midwest Bank Looking Out For You					Member FDIC
Account Holder:		Copperfield Entertainment 124 Saddle Blvd, Bowlegs, OK 74830			Account Number:		7772854360
					Statement Date:		May 31, 2024
Account Summary
Beginning Balance May 1, 2024		Deposits and Credits			Withdrawals and Debits		Ending Balance May 31, 2024
		Number		Total	Number	Total
$6,070		7		$9,252	9	$8,561	$6,761
Account Details
Deposits and Credits			Withdrawals and Debits				Daily Balance
Date	Amount	Description	Date	Number	Amount	Description	Date	Amount
5/4	$1,270	DEP	5/1	469	$360	CHK	5/1	$5,710
5/11	1,700	DEP	5/2	470	240	CHK	5/2	5,470
5/18	2,330	DEP	5/7		1,110	DC	5/4	6,740
5/20	1,100	NOTE	5/11		210	NSF	5/9	5,630
5/20	41	INT	5/12		1,480	DC	5/11	7,120
5/25	2,800	DEP	5/15		3,410	DC	5/12	5,640
5/31	11	INT	5/20		410	EFT	5/18	4,560
			5/22		1,310	DC	5/20	5,291
			5/31		31	SF	5/25	6,781
	$9,252				$8,561		5/31	$6,761

Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK Customer check NSF Nonsufficient funds EFT Electronic funds transfer DC Debit card

Additional information:

The difference in the beginning balances in the companys records and the bank statement relates to checks number 469 and number 470, which are outstanding as of April 30, 2024 (prior month).

The bank made the EFT on May 20 in error. The bank accidentally charged Copperfield for payment that should have been made on another account.

Required: 1. Prepare a bank reconciliation for Copperfield's checking account on May 31, 2024. 2. Record the necessary cash adjustments.

required 1: Prepare a bank reconciliation for Copperfield's checking account on May 31, 2024. (Amounts to be deducted should be indicated with a minus sign. Total entries to the same account together when entering in the bank reconciliation.)

required 2 :

Record the necessary cash adjustments. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Total entries to the same account together when entering in the journal entry carousel.)