Stromberg Company of Zwingle, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2012, the company??s Cash account per its general ledger showed a balance of $6,738.90. The bank statement from Zwingle State Bank on that date showed the following balance.

A comparison of the details on the bank statement with the details in 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 $883.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $933.15. The bank credited Stromberg Company for the correct amount.3. Outstanding checks at May 31 totaled $276.25, and deposits in transit were $1,880.15.4. On May 18, the company issued check No. 1181 for $685 to M. Dornbos, on account.The check, which cleared the bank in May, was incorrectly journalized and posted by Stromberg Company for $658.5. A $2,600 note receivable was collected by the bank for Stromberg Company on May 31 plus $110 interest. The bank charged a collection fee of $20. No interest has been accrued on the note.6. Included with the cancelled checks was a check issued by Strongberg Company to P. Jordan for $360 that was incorrectly charged to Stromberg Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $380 for a check issued by Bev Fountain, a customer, to Stromberg Company on account.Instructions(a) Prepare the bank reconciliation at May 31, 2012.(b) Prepare the necessary adjusting entries for Stromberg Company at May 31,2012.

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ZWINGLE STATE BANK Daily Balance 5-31 6,968.00 Deposits and Credits Checks and Debits XXX XXX