Current Attempt in Progress

On May $31,$ JB Games Ltd$.$ received its bank statement from the East Coast Savings Bank showing that JB had a balance of $$13,600.$ The company's general ledger showed a cash balance of $$7,900$ at that date. A comparison of the bank statement and the accounting records revealed the following information:

A cheque from one of JB$\text{'}$s customers in the amount of $$1,320$ that had been deposited during the last week of May was returned with the bank statement as NSF$.$

Bankservice charges for the month were $$60.$

The company had written and mailed out cheques with a value of $$4,830$ that had not yet cleared the bank.

Cheque #$791,$ which was a payment for advertising expenses of $$780.$ was incorrectly recorded in the general ledger as $$870.$

During the month, one of JB$\text{'}$s customers paid their account using an electronic funds transfer. Their payment was for $$3,360.$

The cash receipts for May $31$ amounted to $$1,200$ and had been deposited in the night drop slot at the bank on the evening of May $31.$ These were not reflected on the bank statement for May.

Prepare the bank reconciliation for JB at May $31.($List items that increase balance as per bank & books first.$)$

JB Games Ltd$.$

Bank Reconciliation

As of May $31$