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

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

P$.$O$.$ Box $162647$

Bowlegs, OK $74830$

$(405)369-$ CASH

MidwestBankMemberFDIC

$LkingOutForYou$

Account$mber$:$7772854360$

StatementDate:May$31,2024$

Account Holder:

Houdini Entertainment $124$ Saddle Blvd$,$ Bowlegs, OK $74830$

Account Summary

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:

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

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

Required: $$

Prepare a bank reconciliation for Houdini's checking account on May $31,2024.$

Record the necessary cash adjustments.

Complete this question by entering your answers in the tabs below.

Required $1$

Prepare a bank reconciliation for Houdini'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.$)$

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

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

P$.$O$.$ Box $162647$

Bowlegs, OK $74830$

$(405)369-$ CASH

MidwestBankMemberFDIC

$LkingOutForYou$

Account$mber$:$7772854360$

StatementDate:May$31,2024$

Account Holder:

Houdini Entertainment $124$ Saddle Blvd$,$ Bowlegs, OK $74830$

Account Summary

$1.$Prepare a bank reconcilliation Houdini's checking account on May $31,2024$

$2.$record the necessary cash adjustments