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On May $31,$ Cullumber Games Ltd$.$ received its bank statement from the East Coast Savings Bank showing that Cullumber had a

balance of $$15,000.$ The company's general ledger showed a cash balance of $$9,605$ at that date. A comparison of the bank statement

and the accounting records revealed the following information:

A cheque from one of Cullumber's customers in the amount of $$1,280$ that had been deposited during the last week of May

was returned with the bank statement as NSF$.$

Bank service charges for the month were $$45.$

The company had written and mailed out cheques with a value of $$5,145$ that had not yet cleared the bank.

Cheque #$791,$ which was a payment for advertising expenses of $$790,$ was incorrectly recorded in the general ledger as $$970.$

During the month, one of Cullumber's customers paid its account using an electronic funds transfer. The payment was for

$$4,095.$

The cash receipts for May $31$ amounted to $$2,700$ 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.$($a$)$

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

Cullumber Games Ltd$.$

Bank Reconciliation