Question $3$: $50$ Points

The following information is available for Debbie Groceries Inc for the month ending May $31,2024$

Balance per the company's bank statement is $$18,401\mathrm{.}94$

Balance per books is $$14,507\mathrm{.}62.$

Cheque #$101$ for $$2,300\mathrm{.}19,$ cheque # $105$ for $$5,216\mathrm{.}30$ and cheque #$113$ for $$335\mathrm{.}16$ were still outstanding at the bank on May $31.$

A retainer fee deposit in transit of $$3,500$ had not been received by the bank when the bank statement was generated.

Bank charged $$100$ fee for cheque order request put in by Debbie Groceries Inc on May $20.$

A bank debit memo indicated an NSF cheque fee in the amount of $$50.$ That cheque was written by Samantha Dolby of Debbie Groceries Inc back in December $2023.$

The bank by error wire transferred payment for $$5499\mathrm{.}84$ taken from Debbie Groceries Inc's account which they realized it after the company's chief accountant called the bank on May $29.$ The bank's representative promised to correct the error in early June.

A bank credit memo indicated a bank collection of $$1,299\mathrm{.}78$ as a payment from one of the Debbie Groceries Inc's customers who always pays directly at the bank.

Bank credited Debbie Groceries Inc's account immediately with $$35$ as they were talking to the company's chief accountant about that error of wire transfer charged to their account.

On May ${25}^{th},$ the bank deposited $$79$ to the company's account as their monthly interest on their high interest saving account.

The bank statement indicated service charges of $$25$ for the month of May.

Bank received on May $30,$ a wire transfer for $$3,803\mathrm{.}73$ sent from one of Debbie Groceries Inc's American corporate clients. This balance was in Canadian $$.$

quired:

Prepare a bank reconciliation for Debbie Groceries Inc for May $31,2024$: $35$ Points

Prepare the required Journal Entries: $15$ points.

$20$

$20/10/2024($v$\mathrm{.}11$