Current Attempt Ayayal Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records April 30 Bank Reconciliation Balance per bank $7.440 Add: Deposits in transit 1.570 (2,200 Deduct Outstanding cheques Balance per books $6,810 Month of May Results Per Bank Per Books Balance on May 31 $8.900 59,315 May deposits 4730 5.600 4250 3,370 1090 May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, retured by the bank (recorded by the bank as a charge) 20 1 365 Determine the amount of deposits in transit and outstanding cheques at May 31. Keeping in mind the time lag between deposits and cheques being recorded in the books and when they are recorded by the bank Deposits in transit May 31 S Outstanding cheques, May 31 $ e Textbook and Media List of Accounts Prepare a May 31 bank recondition showing balance per bank statement and balance per books and correct cash balance List items that increase balance as per bank & books first Prepare a May 31 bank reconciliation showing balance per bank statement and balance per books and correct cash balance List items that increase balance as per bank & books first.) Ayayai Corp Bank Reconciliation May 31 $ > > $ V $ V S eTextbook and Media List of Accounts Prepare the journal entry to correct the Cash account at May 31 (Credit account title ore automatically indented when amount is entered. Do not indent manually. If he entry is required select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit Prepare the journal entry to correct the Cash account at May 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. W no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts