Corey Snieds operates two gas stations. He has just received the monthly bank statement at May 31 from Royal Bank, and the statement shows an ending balance of $23,440. Listed on the statement are an EFT rent collection of $1,600, a service charge of $60, two NSF cheques totalling $1,380, and a $100 charge for printed cheques. In reviewing his cash records, Snieds identifies outstanding cheques totalling $716 and a May 31 deposit in transit of $8,060. During May, he recorded a $440 cheque for the salary of a part-time employee by debiting Salary Expense and crediting Cash for $144. Snieds' Cash account shows a May 31 balance of $31,020. Prepare the bank reconciliation at May 31, 2014.