Question 1 - (22 Marks)

The following data has been gathered for Sunshine Ltd. for the month ended April 30, 2019:

There was an EFT deposit of $2,250 on the bank statement that was a payment on account from a customer

The bank statement revealed $35 in service charges.

Cheques #322, #330, and #332 for $125, $352, and $600 were not returned with the bank statement.

A deposit of $1,000 made on April 12 was erroneously credited to Carter's account by the bank for $150.

A deposit made on April 28, for $675 did not appear on the bank statement.

A bank debit memo indicated an NSF cheque for $275.

The book balance as of April 30^th was $3,535

The bank statement reports a balance of $2,257

The bookkeeper had erroneously recorded $355 for a cheque that was actually $3,125. The cheque was to settle an account payable.

Required

Prepare a bank reconciliation for the end of the month and journal entries(use the templates below for your answers)