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Question \#3 (15 marks) The following information was available for Regina Industries for the month...

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Question \#3 (15 marks) The following information was available for Regina Industries for the month ended May 31, 20XX. a) The book balance at May 31,20XX was $19,160.88. b) The bank balance at May 31,20XX was $22,640.88. c) The May 31th cash receipts of $22,400 were deposited but have not yet appeared on the bank statement. d) There were three cheques outstanding at the end of the month as follows: - Cheque 435$10,520 - Cheque 487$5,675 - Cheque 506$9,045 e) A customer's note receivable for $4,000 was collected by the bank. In addition interest on the note was $440. f) A $200 debit memorandum for cheques printed by the bank was included with the cancelled cheques. g) The bank incorrectly recorded a Regina Industries cheque payment of $6,400 as $6,000. h) A cheque made out by a customer, MJ Steel, for $4,000 deposited on May 11 is returned by the bank marked NSF. REQUIRED: 1. Prepare a bank reconciliation for Regina Industries at May 31, 20XX. 2. Record the appropriate journal entries after the bank has been reconciled

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