On May 31, 2021,SheridanTheatre's cash account per its general ledger showed the following balance:

CASH No. 101

Date Explanation Ref Debit Credit Balance

May 31 Balance 5,883

The bank statement from Canada Bank on that date showed the following balance:

CANADA BANK

Checks and Debits Deposits and Credits Daily Balance

XXX XXX 5/315,851

A comparison of the details on the bank statement with the details in the Cash account revealed the following facts.

1.The statement included a debit memo of $40for the monthly bank service charges.

2.Cash sales of $719on May 12 were deposited in the bank. The bookkeeper recorded the deposit in the cash journal as $729.

3.Outstanding cheques on May 31 totalled $443and deposits in transit were $1,235.

4.On May 18, the company issued cheque #1581 for $684to M. Datz on account. The cheque, which cleared the bank in May, was incorrectly journalized and posted bySheridanTheatre for $648.

5.A $2,150note receivable was wired to the bank account ofSheridanTheatre on May 31. Interest was not collected for the note.

6.Included with the cancelled cheques was a cheque issued by Bohr Theatre for $520that was incorrectly charged toSheridanTheatre by the bank.

7.On May 31, the bank statement showed an NSF charge of $784for a cheque issued by Tyler Bickell, a customer, toSheridanTheatre on account.

Prepare the bank reconciliation at May 31