Crane Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2017, the company's Cash account per its general ledger showed a balance of $6,848.90. The bank statement from Emporia State Bank on that date showed the following balance. EMPORIA STATE BANK Checks and Debits Deposits and Credits XXX XXX Daily Balance 5-31 7,078.00 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 $62.00 for the printing of additional company checks. Cash sales of $905.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $955.15. The bank credited Crane Company for the correct amount. Outstanding checks at May 31 totaled $285.25, and deposits in transit were $1,902.15. On May 18, the company issued check No. 1181 for $684.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Crane Company for $648.00. A $2,822.00 note receivable was collected by the bank for Crane Company on May 31 through electronic funds transfer Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $338.00 that was incorrectly charged to Crane Company by the bank. On May 31, the bank statement showed an NSF charge of $490.00 for a check issued by Sara Ballard, a customer, to Crane Company on account. 5. 6. 7. 1 Bank Reconciliation Prepare the necessary adjusting entries for Cranc Company at May 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) . Date Account Titles and Explanation Debit Credit May 31 (To record collection of note receivable by bank) $ 31 (To record NSF check) . 31 (To correct error in deposit) $ 31 + (To correct error in recording check) 31 (To record charge for printing company checks)