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On May 31, 2014, Laban Company had a cash balance per books of t date showed a revealed the following facts tatement with the Cash

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On May 31, 2014, Laban Company had a cash balance per books of t date showed a revealed the following facts tatement with the Cash account the 1. The statement included a debit memo o additional company cheeks. 2. C ipts journal entry and the deposit slip were incorrectly made for S printing of ash sales of s 786.15 on May 12 were deposited in the bank. The 15. The bank credited Laban Company for the correct amount. 3. Outstanding checks at May 31 totaled S1,1 06.25. and deposits in transit were $799. 15. 4. On May18. the company issued check no. 1181 for $685 to A. Hawkins on account. The check which cleared the bank in May, was incorrectly journalized and posted by Laban Company for 5658. 5. AS2.500 note receivable was collected by the bank for Laban Company on May 31 plus S80 interest. The bank charged a collection fee of s 42. N interest has been accrued on the note. 6. Included with the cancelled checks was a check issued by Logan Company to D. Reyes for $290 that was incorrectly charged to Laban Company by the bank. 7. On May 31. The bank statement showed an NSF charge or S165 for a eheek issued by G. Verdier a customer, to Laban Company on account. Instructions: (a) Prepare the bank reconciliation as of May 31. 2014 (b) Prepare the necessary adjusting entries at Ma y 31, 2014

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