Concord Grow-Fast spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2020, the company's Cash account per its general ledger showed the following balance 6,100.50 The bank statement from Manchester Bank on that date showed the following balance Checks and Debits XXXX Lancaster Bank Deposits and Credits Daily Balance XXX 5/31 7,209.60 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1 The statement included a debit memo of 50.00 for the printing of additional company checks. 2 3. 4. Cash sales of 983.36 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for 1,043.36. The bank credited Concord Genetics for the correct amount. Outstanding checks at May 31 totaled 53.55, and deposits in transit were 1,830.45. On May 18, the company issued check No. 1181 for 671.00 to M. Datz on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Concord Genetics for 617.00. 5. 3,900.00 was collected by the bank for Concord on May 31 through electronic fund transfer. 6. Included with the cancelled checks was a check issued by Tomins to C. Pernod for 480.00 that was incorrectly charged to Concord by the bank 7. On May 31, the bank statement showed an NSF charge of 370.00 for a check issued by Sara Ballard, a customer, to Concord on account Prepare the bank reconciliation at May 31, 2020. (Reconcile the bank balance first and then the book balance. List items that increase balances first. Round answers to 2 decimal places, eg 1.532.25) CONCORD GROW-FAST LTD. Bank Reconciliation May 31, 2020 Prepare the necessary adjusting entries for Concord Grow-Fast at May 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 1.532.25) Date Account Titles and Explanation May 31 May 31 May 31 May 31 May 31 (Amount collected by bank) (NSF charge issued for a cheque) (Cash receipts entry incorrectly made) (Check issued by company wrongly posted) (Bank charges paid) Debit Credit