Current Attempt in Progress On May 31, 2021, Sheridan Theatre's cash account per its general ledger showed the following balance: CASH No. 101 Explanation Ref Debit Credit Bulance Date May 31 Balance 5,883 The bank statement from Canada Bank on that date showed the following balance: CANADA BANK Deposits and Credits XXX Checks and Debits XXX Daily Balance 5/31 5,851 1. A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. The statement included a debit memo of $40 for the monthly bank service charges. Cash sales of $719 on May 12 were deposited in the bank. The bookkeeper recorded the deposit in the cash journal as $729. Outstanding cheques on May 31 totalled $443 and deposits in transit were $1.235. On May 18, the company issued cheque #1581 for $684 to M. Datz on account. The cheque, which cleared the bank in May, was incorrectly journalized and posted by Sheridan Theatre for $648. 2 3. 4