On May 31, 2017, Reber Company had a cash balance per books of $6,881.50. The bank statement from New York State Bank on that date showed a balance of $6,504.60. A comparison of the statement with the cash account revealed the following facts.

1. The statement included a debit memo of $45.00 for the printing of additional company checks. 2. Cash sales of $631.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $681.00. The bank credited Reber Company for the correct amount. 3. Outstanding checks at May 31 totaled $694.25. Deposits in transit were $2,516.15. 4. On May 18, the company issued check No. 1181 for $661 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $616. 5. A $3,100.00 note receivable was collected by the bank for Reber Company on May 31 plus $85.00 interest. The bank charged a collection fee of $25.00. No interest has been accrued on the note. 6. Included with the cancelled checks was a check issued by Stiner Company to Ted Cress for $900.00 that was incorrectly charged to Reber Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $675.00 for a check issued by Sue Allison, a customer, to Reber Company on account.

Bank Reconciliationn May 31, 2017