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David is preparing the bank reconciliation for the month of May for ABC Ltd. His reconciliation...

David is preparing the bank reconciliation for the month of May for ABC Ltd. His reconciliation is as follows and he is unable to reconcile the bank balance at the end of May. Cash balance per bank $4820 Add: NSF check $400 Less: Bank service charge $20 Adjusted balance per Bank $5,200 Cash balance per book $4840 Less: deposit in transit $800 Add: outstanding check $1200 Adjusted Balance per book $4400 Required a) Prepare a correct Bank reconciliation and journalise the entries required by the reconciliation

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