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 $49.00 for the printing of additional company checks.

2. Cash sales of $832.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $882.00. The bank credited Reber Company for the correct amount.

3. Outstanding checks at May 31 totaled $685.25. Deposits in transit were $2,516.15.

4. On May 18, the company issued check No. 1181 for $662 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $626.

5. A $3,100.00 note receivable was collected by the bank for Reber Company on May 31 plus $89.00 interest. The bank charged a collection fee of $29.00. 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 $671.00 for a check issued by Sue Allison, a customer, to Reber Company on account.

Cash balance per bank statement Less Deposit in transit REBER COMPANY Bank Reconciliation May 31, 2017

Question

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 $49.00 for the printing of additional company checks.
2.		Cash sales of $832.00 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $882.00. The bank credited Reber Company for the correct amount.
3.		Outstanding checks at May 31 totaled $685.25. Deposits in transit were $2,516.15.
4.		On May 18, the company issued check No. 1181 for $662 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $626.
5.		A $3,100.00 note receivable was collected by the bank for Reber Company on May 31 plus $89.00 interest. The bank charged a collection fee of $29.00. 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 $671.00 for a check issued by Sue Allison, a customer, to Reber Company on account.