Please answer everything asap. I really need help 100,000 CM148,000Exercise 3Aybersqrq zi nousifboost Ansd À 147 00reso to trode zi vsqoo di saw .6Poseidon Trading opened a current account with Ocean Bank on May 5 with an initialdeposit of 498,500. On May 31, the bank statement showed a balance of $575,000.Deposits for May made by Poseidon Trading per cash receipts book is 175,000 and checksissued for the same month amount to ₹99,000. Per bank statement, total deposits for themonth of May totalled F150,000 and checks paid by Traders Bank for the same monthtotaled 72,000. Bank service charge for the month is 1,500.ex constad lood and theils gniwollol sdT Afor the mouth of Mag 42journal enteshBarles-d2 2 2 3evods edito enon bRequired: 1. Deposit in transit:2. Outstanding check:3. Correct cash balance for May 31: Exercise 4Snail Company's bank statement for the month of August showed balance per bank ofP44,000. Cash in Bank account per general ledger showed a balance of P40,000 as ofAugust 31. The following are additional information for the month.a.7251,589M auto oeson August 31 recorded on the company's books amounted to 18,600 butCash receiptsthis does not appear on the bank statement.b. The bank included a credit memorandum for 12,520 representing a customer's notecollected by the bank for the company. The principal amount of the note was 12,000with 520 interest which was not accrued.222579112C. The bank statement showed a debit memorandum of 500 for the cost of the check book.d. Checks outstanding as of August 31 amounted to 12,000.(2qmo) 16.02.doo LILLe. The bank returned an NSF check from a customer in the amount of 1,420.Required: 1. Prepare a statement of bank reconciliation.2. Prepare the journal entries in the books as a result of the bank reconciliation.085.28%000,20

Poseiden trading company open a current account with Ocean bank with a initial deposit of 498,500.…

Exercise 3 oybersquq zi nousifboost Ansd A 1600 deso to troie ei so edinst .6 DAG 2000 190 Poseidon Trading opened a current account with Ocean Bank on May 5 with an initial deposit of 498,500. On May 31, the bank statement showed a balance of $575,000. Deposits for May made by Poseidon Trading per cash receipts book is P175,000 and checks issued for the same month amount to 99,000. Per bank statement, total deposits for the month of May totalled 150,000 and checks paid by Traders Bank for the same month totaled P72,000. Bank service charge for the month is 1,500. ex led food and theils gniwollol edTA for the month of Mag 42 Required: 1. Deposit in transit: 2. Outstanding check: 3. Correct cash balance for May 31: sung journal-enteloombles d 3 2 2 2 b