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B C D E F G H AP6-1 (Preparation of bank reconciliation) On May 31, 2016, JB Games Ltd. received its bank statement from the East Coast Savings Bank showing that JB had a balance of $12,200. The company's general ledger showed a cash balance of $8,600 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. A cheque from one of JB's customers in the amount of $1,120 that had been deposited during the last week of May was returned with the bank statement as NSF. 2. Bank service charges for the month were $55. 3. The company had written and mailed out cheques with a value of $4,235 that had not yet cleared the bank. 4. Cheque #791, which was a payment for advertising.expenses of $230, was incorrectly recorded in the general ledger as $320. 5. During the month, the bank collected a $2,000 note receivable plus the outstanding interest on behalf of JB. The note was interest-bearing at 5% per annum and had been outstanding for one year. 6. The cash receipts for May 31 amounted to $1,650 and had been deposited in the night drop slot at the bank on the evening of May 31. These were not reflected on the bank statement for May. Required: a. Prepare the bank reconciliation for JB at May 31, 2016. b. Prepare any journal entries necessary as a result of the bank reconciliation prepared in part "a." chechs ch 1 ch 2 ch 3 ch ch cha ch 9 cho ch 1 St

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