Bonita Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the company's Cash account per its general ledger showed a balance of $6,502.50. The bank statement from Emporia State Bank on that date showed the following balance. Checks and Debits Emporia State Bank Deposits and Credits Daily Balance XXX XXX 5-31 8,520.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2. 3. 4. The statement included a debit memo of $40 for the printing of additional company checks. Cash sales of $882.16 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $932.16. The bank credited Bonita Company for the correct amount Outstanding checks at May 31 totaled $2,020.40, and deposits in transit were $1,860.90. On May 18, the company issued check No. 1181 for $691 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Bonita Company for $619. $2,800 was collected from a customer's note receivable by the bank for Bonita Company on May 31 through electronic funds transfer. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $340 that was incorrectly charged to Bonita Company by the bank. On May 31, the bank statement showed an NSF charge of $440 for a check issued by Sara Ballard, a customer, to Bonita Company on account. 5. 6. 7. BONITA COMPANY Bank Reconciliation May 31, 2022 co Per Bank Statement 3520 Deposits in Transit 1860.90 Bank Error-Tomins 340 2200.90 Outstanding Checks $ Cash Balance Per Bank ITO COM $ sce Per Books Electronic Funds Transfer Received Check Printing Charge Error in Recording Check No 1181 DIT Error in May 12 Deposit NSF Check May 31 Cash Accounts Receivable (To record receipt of electronic funds transfer) May 31 Accounts Receivable Cash (To record NSF check) LIIT May 31 Sales Revenue Cash Cash (To correct error in recording check) IT ON Bank Charge Expense Cash (To record bank service charge)