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Jansen Company's general ledger showed a checking account balance of $24,120 at the end of May 2024. The May 31 cash receipts of $2,370, included

image text in transcribed Jansen Company's general ledger showed a checking account balance of $24,120 at the end of May 2024. The May 31 cash receipts of $2,370, included in the general ledger balance, were placed in the night depository at the bank on May 31 and were processed by the bank on June 1 . The bank statement dated May 31, 2024, showed bank service charges of $41. All checks written by the company had been processed by the bank by May 31 and were listed on the bank statement except for checks totaling $1,920. Required: Prepare a bank reconciliation as of May 31, 2024. [Hint. You will need to compute the balance that would appear on the bank statement.]

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