Question: Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation fals upon

Your assistant prepared the following bank reconciliation statement. It appears that

Your assistant prepared the following bank reconciliation statement. It appears that the statement is unacceptable and the task of preparing a proper reconciliation fals upon you. Brandon Company Bank Reconciliation Balance per books May 31 $ 9,528 Add: Electronic Fund Transfer $1,272 Deposit in transit 3,539 $13,50 $ 528 1,12 Deduct: Bank charges NEF cheque, Rhonda Toal Outstanding cheques Error in cheque #78: correctly issued and processed by the bank for $778, but incorrectly recorded in the books as 5738 (Accounts Payable-Delta Co.) Indicated bank balance Balance per bank statement Discrepancy 48 $18,585 $ 1,30 Required: 1. Prepare a proper benk reconciliation showing the true Cash balance. BRANDON COMPANY Bank Raoonallision May 01, 2020 Company's Books Bank Statement Balanca per books Add: Balanca per bank Add: Deduct Deduct Adjustad hook balance Adjusted bank helance 2 Prepsre the neceszary Journal entries. Wwwmachon lat Journal entry worksheet Record to collection of EFT. Nola: Elor dos bafore credits Date General Journal Debit Credit May 21 Recordandry Chewelry View general pour

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