5 Record each of the transactional entries for Superb Ice, a sales company using GAAP. Please write thejournal entries on the lines below. You may round numbers to the nearest dollar.●●On April 19, the company factors $563,000 of accounts receivable with a factoring company ona without recourse basis. Assume that factoring company holds 4% of accounts receivable forprobable adjustments, charges 3% of accounts receivable as a finance fee, and any recourseobligation has a fair value of $11,700.On May 7, the company loans one of their suppliers $58,396 in cash in exchange for the suppliersigning a $60,000 long-term, interest-bearing note. Assume the note's stated interest rate isdifferent than the implied market rate.DateApr. 19May 7AccountDebitCredit Question 4 (0.5 bonus points total)Dragon Apparel has the following end of December bank and book cash balances shown in the first rowof the table below. For each of the three adjustment items below, fill in the bank reconciliationadjustment needed for each item in the respective column (inserting parentheses for subtractedamounts). Hint: Each adjustment item will adjust either the bank balance or the book cash balance (notboth columns). Then, total up each column in the bottom row to show the correct cash balance match.Ending bank/book cash balance(1) The December $1,400 monthly bank service charge is notrecorded in the company's books yet(2) The company had $3,600 of undeposited receipts on handon December 31(3) Book error: The bank returned a $900 bad check from acustomer on December 31Correct cash balanceBank BalanceColumn$126,800Book BalanceColumn$132,700

A Bank Reconciliation Statement (BRS) is a document that compares the bank balance as per the…

of the table below. For each of the three adj adjustment needed for each item in the respective column (inserting parentheses for subtracted amounts). Hint: Each adjustment item will adjust either the bank balance or the book cash balance (not both columns). Then, total up each column in the bottom row to show the correct cash balance match.