machting knatted Exam 2 (Ch 364) 5 01:10-19 Peterson Company's general ledger shows a cash balance of $7410 on May 31 May cashots of $1270, included in the general ledger balance, are placed in the night depository at the bank on May 31 and processed by the bank on June 1 dated May 31 shows an NSF check from a customer for $110 and a service fee of $50. The bank processes a bank statement company by May 31 and lists them on the bank statement, except for one check totaling $1830. The bank statement shows a balance written by the of $7.810 on May 31 Required: Prepare a bank reconciliation to calculate the correct balance of cash on May 31. (Amounts to be deducted should be indicated with a minus sign.) PETERSON COMPANY Bank Reconciliation Bank's Cash Balance Per bank statement May 31 Company's Cash Balance 4 Per general ledger Bank balance per reconciliation $ 0 Company balance per reconciliation $