1. Sally is the owner of Wolverine Genetics Company of Flint, Michigan, spreads herbicides and applies liquid fertilizers for local farmers. On, May 31, 2016, the company's cash account per its general ledger showed the following balance. May 31 Balance 13,287 The bank statement from Flint State Bank on that date showing the following balance: May 31 Balance 13,332 A comparison of the details on the bank statement with the details in the cash account revealed the following facts. The statement included a debit memo of Tk 35 for the printing of additional company checks. Cash sales of Tk1720 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for Tk 1820.The bank credited Flints Hills Company for the correct amount. Outstanding checks at May 31 totaled Tk 1225, and deposits in transit were Tk 2100. On May 18, the company issued check no. 1181 for Tk 911 to G.Fischer, on account. The check, which cleared the bank in May, was incorrectly journalized and posts by Wolverine Genetics Company for Tk119.