CALCULATOR FULL SCREEN PRINTER VERSION NETT Problem 7-3A On May 31, 2015, Reber Company had a cash balance per books of $7,064.50. The bank statement from New York State Bank on that date showed a balance of $6,687.60. A comparison of the statement with the cash account revealed the following facts. 1. The statement included a debit meme of $50.00 for the printing of additional company checks. 2. Cash sales of $835.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $885.00. The bank credited Reber 3. Outstanding checks at May 31 totaled $877.25. Deposits in transit were $2,699.15. 4. On May 18, the company issued check no. 1181 for $683 to Lynda Carsen on account. The check, which deared the bank in May, was incorrectly journalized and posted by Reber Company for $638. 5. A $3,283.00 note receivable was collected by the bank for Reber Company on May 31 plus $90.00 interest. The bank charged a collection fee of $30.00. No interest has been accrued on the note. 6. Included with the cancelled checks was a check issued by Stiner Company to Ted Cress for $1,083.00 that was incorrectly charged to Reber Company by the bank 7. On May 31, the bank statement showed an NSF charge of $670.00 for a check issued by Sue Alison, a customer to Reber Company on account. REBER COMPANY Bank Reconciliation May 31, 2015 Cash balance per bank statement Add Deposit in transit > Bank error-Stiner check Less Outstanding checks Adjusted cash balance per bank Cash balance per books Add Collection of note receivable FULL SCREEN Prepare the necessary adjusting entries for Reber Company at May 31, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Enter answers to 2 decimal places, e.. 15.25.) CALCULATO NET No. Account Titles and Explanation Debit Credit 1. (To record note receivable) (To record NSF check) 3. (To record error in deposit)