BANK RECONCILIATION The cash account of Dixon Products reveals the following information:

Cash Balance, 4/30 11,800 Deposits during May 37,600 Checks written during May 41,620 The bank statement for May contains the following information:

Bank balance, 4/30 $11,750 Add: Deposits during May 37,250

$49,000 Less: Checks paid during May $40,230 NSF check from Frolin, Inc. 190 Bank service charges 40 40,460 Bank balance, 5/31 $ 8,540 A comparison of detailed company records with the bank statement indicates the following information:

At 4/30 At 5/31 Deposit in transit $800 $1,150 Outstanding checks 750 2,140 The bank amounts are determined to be correct.

Required:

. Prepare a bank reconciliation for May.

. Prepare the adjusting entries made by Dixon as a result of the reconciliation process.

. What amount is reported for cash on the balance sheet at May 31?