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Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 + Deposit in transit 5,200 Bank service fees

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Clayborn Company' bank reconciliation as of May 31 is shown below. Bank balance $15,800 Book balance $17,025 + Deposit in transit 5,200 Bank service fees 25 Outstanding Checks 4,600 NSF returned 600 Adjusted bank balance $16,400 Adjusted book balance $16,400 One of the adjustingjournal entries that Clayborn must record as a result of the bank reconciliation includes

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