Prepare a bank reconciliation for Selam Company, considering the provided cash and bank statement details, outstanding checks, credit/debit memos, and other adjustments.

Here is the bank reconciliation statement for Selam Company as of May 31, 2002:

Selam Company Bank Reconciliation Statement As of May 31, 2002

Step 1: Reconcile the Bank Statement Balance The bank statement balance is adjusted for items known to the company but not yet reflected by the bank.

Balance per Bank Statement (Point 1): $Birr 65,040.00$ Add: Deposits in Transit (Point 2): Receipts of May 31 included in cash but not yet deposited by the bank. $Birr 9,040.00$