1. The cash account for Santiago Co. on May 31 indicated a balance of $15,515. The May bank statement indicated an ending balance of $20,245. Comparing the bank statement, the cancelled checks and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $4820 A deposit of $3,796 had been made too late to appear on the bank statement. A check for $1,233 returned with the statement had been incorrectly recorded as $233. The check was originally issued to pay on account. An EFT deposit of $5,541 was on the bank statement. One of Santiago's customers was paying on their account. Bank service charges for May amounted to $45. A check for $790 was returned by the bank because of insufficient funds a. b. c. d. e. f. Prepare a bank reconciliation as of May 31. Journalize the necessary entries