Marigold Corp. deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records: April 30 Bank Reconciliation $7,330 Balance per bank 1,680 Add: Deposits in transit Deduct: Outstanding cheques Balance per books (2.000) $7,010 Month of May Results Per Bank Per Books Balance on May 31 $8,750 $9,410 4,950 5,850 4,080 3,320 May deposits May cheques May note collected (not included in May deposits) May bank service charge May NSF cheque from a customer, returned by the bank (recorded by the bank as a charge) 1,075 35 360 Determine the amount of deposits in transit and outstanding cheques at May 31. Keeping in mind the time lag between deposits and cheques being recorded in the books and when they are recorded by the bank. $ $ Deposits in transit, May 31 $ $ Outstanding cheques, May 31 eTextbook and Media List of Accounts Prepare a May 31 bank reconciliation showing balance per bank statement and balance per books and correct cash balance. (List items that increase balance as per bank & books first.) Marigold Corp. Bank Reconciliation May 31 $ $