Bank Reconciliation The cash account of Mason Products reveals the following information: Cash Balance, 4/30 Deposits during May The bank statement for May contains the following information: Bank balance, 4/30 Add: Deposits during May 10,260 39,600 Cheques written during May 40,000 10,260 37,400 $47,660 $38,500 140 $50 Less: Cheques paid during May NSF cheque from Higgins, Inc. Bank service charges $38,690 Bank balance, 5/31 $8,970 A comparison of detailed company records with the bank statement indicates the following information: Deposits in transit Outstanding cheques The bank amounts are determined to be correct. At 4/30 $900 550 At 5/31 $2,200 1,500