2. S Company has just received its bank statement for May 31. The staff member responsible for reconciling the statement has put together the following information:

--The balance on the bank statement is $50,850; the book balance for May 31 is $46,418.

--On May 30, the bank collected a customer note receivable in the amount of $3,600; the collection has not yet been recorded on the books.

--The banks fee for the month was $35.

--At the close of business on May 30, the night manager placed a deposit of $2,271 in the banks overnight deposit slot; the bank processed it normally on June 1.

--The bank credited the account with $62 of interest for May.

--At the end of the month, checks totaling $3,076 had been properly recorded on the books, but not yet processed by the bank.

Required: Use tab P 2 in the spreadsheet to prepare the bank reconciliation for May and prepare the journal entry to adjust the book balance to the corrected month-end balance. The format for the reconciliation should adjust both the bank balance and the book balance to the month-end correct balance.