on may 31, 2015, reber company had a cash balance
on may 31, 2015, reber company had a cash balance per books of $6,781.50. the bank statement from new york state bank on that date showed a balance of $6,404.60. a comparison of the statement with the cash account revealed the following facts.1. the statement included a debit memo of $40 for the printing of additional company checks.2. cash sales of $836.15 on may 12 were deposited in the bank. the cash receipts journal entry and the deposit slip were incorrectly made for $886.15. the bank credited reber company for the correct amount.3. outstanding checks at may 31 totaled $576.25. deposits in transit were $2,416.15.4. on may 18, the company issued check no. 1181 for $685 to lynda carsen on account.the check, which cleared the bank in may, was incorrectly journalized and posted by reber company for $658.5. a $3,000 note receivable was collected by the bank for reber company on may 31 plus $80 interest. the bank charged a collection fee of $20. no interest has been accrued on the note.6. included with the canceled checks was a check issued by stiner company to ted cress for $800 that was incorrectly charged to reber company by the bank.7. on may 31, the bank statement showed an nsf charge of $680 for a check issued by sue allison, a customer, to reber company on account.instructions(a) prepare the bank reconciliation at may 31, 2015.(b) prepare the necessary adjusting entries for reber company at may 31, 2015.
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