On May 31 2022, Cullumber Company had a cash balance per books of $6,758.45. The bank statement from New York State Bank on that date showed a balance of $6,492.10. A comparison of the statement with the Cash account revealed the following facts. 1 2. 3. 4. The statement included a debit memo of $54.00 for the printing of additional company checks. Cash sales of $636,15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $686.15. The bank credited Cullumber Company for the correct amount Outstanding checks at May 31 totaled $599,00 Deposits in transit were $2,36735. On May 18, the company issued check No. 1181 for $676 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Cullumber Company for $667. A $3,200 note receivable was collected by the bank for Cullumber Company on May 31 plus $80 interest. The bank charged a collection fee of $25. No interest has been previously recorded on the note. Included with the canceled checks was a check issued by Stiner Company to Ted Cress for $880.00 that was incorrectly charged to Cullumber Company by the bank. On May 31, the bank statement showed an NSF charge of $760.00 for a check issued by Sue Allison, a customer to Cullumber Company on account. 5. 6. 7 Prepare the bank reconciliation at May 31, 2022. (List items that increase cash balance first. Round answers to 2 decimal places, eg. 2,245.25.) CULLUMBER COMPANY Bank Reconciliation May 31, 2022 $ Cash Balance Per Bank Statement Add v Deposits in Transit $ Bank Error Less vi Outstanding Checks Adjusted Cash Balance Per Bank Cash Balance Per Books $ $ Add Collection of Note Receivable