On May 31, XYZ Company received the bank account statement which showed acash balance of $960.The company's accounting records showed a cash balance of $930.Additional information related to bank account activity is given below:- Outstanding Checks:Deposits in Transit:- Bank Service charges: $10- Interest earned on the bank balance: $30$600$590Required:(a) Prepare a bank reconciliation for the month of May.NOTE: Use a negative number if the adjustment is a subtraction.Cash balance as per Bank Statement$Cash balance as per accounting books$2$Adjusted Cash balance as per Bank$Adjusted Cash balance as per books(b) Prepare the journal for the following adjustments.Bank Service Charges:DATEACCOUNT TITLESDEBITCREDITMay 31Interest Earned:DATEACCOUNT TITLESDEBITCREDIT Adjusted Cash balance as per Bank$4Adjusted Cash balance as per book:(b) Prepare the journal for the following adjustments.Bank Service Charges:DATEACCOUNT TITLESDEBITCREDITMay 312$Interest Earned:DATEACCOUNT TITLESDEBITCREDITMay 31$$Please answer all parts of the question.%24%24

Bank reconciliation Statement compares Cash book balance of the company with its Bank Statement.

- Interest earned on the bank balance: $30 Required: (a) Prepare a bank reconciliation for the month of May. NOTE: Use a negative number if the adjustment is a subtraction. Cash balance as per Bank Statement 2$ Cash balance as per accountin: $ 2$ Adjusted Cash balance as per Bank 24 Adjusted Cash balance as per be (b) Prepare the journal for the following adjustments. Bank Service Charges: DATE ACCOUNT TITLES DEBIT CREDIT May 31 $ Interest Earned: DATE ACCOUNT TITLES DEBIT CREDIT