1. The cash account for Santiago Co. on May 31, 2014 indicated a balance of $15,515. The May bank statement indicated an ending balance of $20,245. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $4,820 The check was originally credited to accounts payable. Bank service charges for May amounted to $45 a. b. A deposit of $3,796 had been made too late to appear on the bank statement. c. A check for $1,233 returned with the statement had been incarrectly recorded as $233 d. The bank collected $5,541 on a note left for collection. f. A check for $790 was returned by the bank because of insufficient funds Prepare the bank reconciliation as of May 31, 2014. Journalize the necessary entries. Santiago Co. Bank Reconciliation May 31, 2014 Journal Post Ref Debit Credit Date