Roger Snieder 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 $46,880. Listed on the statement are an EFT rent collection of $3,200, a service charge of $120, two NSF cheques totalling $2,760, and a $200 charge for printed cheques. In reviewing his cash records, Snieder identifies outstanding cheques totalling $1,432 and a May 31 deposit in transit of $16,120. During May, he recorded an $880 cheque for the salary of a part-time employee by debiting Salary Expense and crediting Cash for $288. Snieder's Cash account shows a May 31 balance of $62,040. Prepare the bank reconciliation at May 31, 2017.