E. On May 31, 2012 Sabre Company had a cash balance per books of$6,781.50. The bank statement tromNew York State Bank on that date showed a balance of $6,404.60. A comparison of the statement with the cash account revealed the following facts: 1. The statement included a debit memo of$40 for the printing of additional company checks 2. Cash sales of $836.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for S886.15. The bank credited Sabre Company for the correct amount. 3. Outstanding checks at May 31 totaled $57625. Deposits in transit were si 916.15. 4. On May 18, the company issued check No.1181 for S685 to Carol Stillson account.The check. which cleared the bank in May, was incorrectly journalized and posted by Sabre Company for S658 5. AS2.500 note receivable was collected by the bank for Sabre Company on May 31 plus $80 interest. The bank charged a collection fee of $20. No interest has been accrued on the note. 6. Included with the cancelled checks was a check issued by Rapier Company toTom Lujak for S800 that was incorrectly charged to Sabre Company by the bank. On May 31, the bank statement showed an NSF charge of S680 for a check issued by Jo Bennett, a customer,to Sabre Company on account. Tab 10 1. Prepare the bank Neconciliation atMay 31, 2012