On May 31, 2021, Ivanhoe Theatre's cash account per its general ledger showed the following balance: Date May 31 CASH No. 101 Explanation Ref Debit Credit Balance Balance 5,473 The bank statement from Canada Bank on that date showed the following balance: Checks and Debits XXX CANADA BANK Deposits and Credits XXX Daily Balance 5/31 5,443 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2. 3 The statement included a debit memo of $35 for the monthly bank service charges. Cash sales of $669 on May 12 were deposited in the bank. The bookkeeper recorded the deposit in the cash journal as $679 Outstanding cheques on May 31 totalled $412 and deposits in transit were $1,149. On May 18, the company issued cheque #1581 for $686 to M. Datz on account. The cheque, which cleared the bank in May. was incorrectly journalized and posted by Ivanhoe Theatre for $668. A $2,000 note receivable was wired to the bank account of Ivanhoe Theatre on May 31. Interest was not collected for the 4. note Included with the cancelled cheques was a cheque issued by Bohr Theatre for $480 that was incorrectly charged to Ivanhoe Theatre by the bank. On May 31, the bank statement showed an NSF charge of $750 for a cheque issued by Tyler Bickell, a customer, to Ivanhoe Theatre on account. 7. (a) Prepare the bank reconciliation at May 31. (List items that increase balance as per bank & books first.) IVANHOE THEATRE Bank Reconciliation May 31, 2021 : $ May 31, 2021 + + . + + . $ . +