Crane 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 $6,793.90. The bank statement from Emporia State Bank on that date showed the following balance. EMPORIA STATE BANK Checks and Debits Deposits and Credits XOX XXX Daily Balance 5-31 7.023.00 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 $51.00 for the printing of additional company checks. Cash sales of $894.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were Incorrectly made for $944.15. The bank credited Crane Company for the correct amount. Outstanding checks at May 31 totaled $267.25, and deposits in transit were $1891.15. On May 18, the company issued check No. 1181 for $686.00 to H. Moses, on account. The check which cleared the bank in May, was incorrectly journalized and posted by Crane Company for $668.00 $2,756.00 was collected from a customer note receivable 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 $349.00 that was incorrectly charged to Crane Company by the bank. On May 31, the bank statement showed an NSF charge of $435.00 for a check issued by Sara Ballard, a customer to Crane Company on account. 5. 6. 7. Prepare the necessary adjusting entries for Crane Company at May 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, s. 5,275.50) Debit Credit Account Titles and Explanation Date 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) Question 4 OT 4 Bank Reconciliation May 31, 2022 Cash balance per bank statement 7.023 Add Deposits in transit 189115 Check printing charge 349 2240.15 926315 Less Outstanding checks 26725 i $ Adjusted cash balance per bank 89959 Deposits in transit 67939 Add 2756 Electronic funds transfer received 9549.9 Less Check printing charge 51 Error in deposit 50 i Error in recording check 18 NSF check 554 Adjusted cash balance per books 89959