estion 3 of 4 0.48/1 comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 3 . 1. The statement included a debit memo of $40 for the printing of additional company checks. Cash sales of $750.60 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were 2. incorrectly made for $800.60. The bank credited Timmins Company for the correct amount. Outstanding checks at May 31 totaled $201.60, and deposits in transit were $1.942.10. On May 18, the company issued check No 1181 for $662 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Timmins Company for $626. 5 $3,500 was collected by the bank for Timmins Company on May 31 through electronic funds transfer Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $430 that was incorrectly 6. charged to Timmins Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $590 for a check issued by Sara Ballard, a customer to Timmins Company on account. 4. Bank Reconciliation May 31, 2020 Cash Balance Per Bank Statement 871350 Add Deposits in Transit 1942 Bank Error-Tomins 430 23723 10108 Loss Outstanding Chede 201.00 Adjusted Cash Balance Per Bank Cash Balance Per Books $ Add Electronic Funds Transfer Received 11000 Check Printing Charge 30 NSF Check 5190 Error in May 12 Deposit Soi Error in Recording Check No.1181 : i usted Cash Balance Per Books Account Titles and Explanation Debit Credit May 31 (To record receipt of electronic funds transfer) May 31 (To record NSF check) May 31 (To correct error in deposit check) May 31 (To correct error in recording check) May 31