The Following Information Was Available for Rachel Supply Company for the Month

Essay

The following information was available for Rachel Supply Company for the month ended May 31, 2020.
(a) On May 31, 2020 the Cash account of Rachel Supply Compary had a balance of $\$ 25,850$
(b) On May 31,2020 the bank statement indicated a balarce of $\$ 44,580$ .
(c) The bank reported the collection of a note receivable for Rachel of $\$ 4,300$ plus $\$ 500$ irterest.
(d) It was observed that the bank statement did not include a deposit of $\$ 2,700 \mathrm { made }$ by Rachel on May 31 and that cheques totalling $\$ 15,830$ issued by Rachel had not cleared the bank
(e) Rachel recorded ant insurance expense payment of $\$ 150$ as $\$ 1,500$ .
(f) Service charges of $\$ 50$ were charged for cheque printing Prepare the bank reconciliation Prepare the bank reconciliation at May 31, 2020.