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The May 31 bank statement of Neighborhood Services Association (NSA) has just arrived from Scotiabank. To prepare the NSA bank reconciliation, you gather the following data: B (Click the icon to view the additional data for the bank reconciliation.) x Required 1. Prepare the bank reconciliation for NSA. 2. Journalize the May 31 transactions needed to update NSA's Cash account. Include an explanation for each entry Data table Requirement 1. Prepare the bank reconciliation for NSA, and then continue with the book side of the reconciliation. (En Neighborhood Services Association Bank Reconciliation a. NSA's Cash account shows a balance of $6,565.48 on May 31. b. The May 31 bank balance is $8,257 25. c. The bank statement shows that NSA earned $16.38 of interest on its bank balance during May. This amount was added to NSA's bank balance d. NSA pays utilities ($270) and insurance ($120) by EFT. e. The following NSA cheques did not clear the bank by May 31: May 31 BANK Cheque No. Amount $ 45.80 237 Add 288 141.00 291 522.15 293 11 47 Less 294 609.47 295 8 62 BOOKS 296 101.38 f. The bank statement includes a donation of S780, electronically deposited to the bank for NSA g. The bank statement lists a $11.50 bank service charge. h. On May 31, the NSA treasurer deposited $16.15, which will appear on the June bank statement. i. The bank statement includes a $315 deposit that NSA did not make. The bank added $315 to NSA's account for another company's deposit Add : 00:53:15

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