Trillo Company's bank statement for May 2025 shows these data.

The cash balance per books at May 31 is \(\$ 13,319\). Your review of the data reveals the following.

1. The NSF check was from Hup Co., a customer.

2. Outstanding checks at May 31 total \(\$ 2,410\).

3. Deposits in transit at May 31 total \(\$ 1,752\).

4. A Trillo Company check for \(\$ 352\) dated May 10 cleared the bank on May 25 . This check, which was a payment on account, was journalized for \(\$ 325\).

Instructions

a. Prepare a bank reconciliation at May 31 .

b. Journalize the entries required by the reconciliation.

Transcribed Image Text:

Balance May 1 Debit memorandum: NSF check $12,650 175 Balance May 31 Credit memorandum: Collection from customer of electronic funds transfer $14,280 505