On May 31, JB Games Ltd. received its bank statement from the East Coast Savings Bank showing that JB had a balance of $14,100. The company's general ledger showed a cash balance of $11,255 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. A cheque from one of JB's customers in the amount of $1,140 that had been deposited during the last week of May was returned with the bank statement as NSF. 2. Bank service charges for the month were $65. 3. The company had written and mailed out cheques with a value of $4,655 that had not yet cleared the bank. 4 Cheque #791, which was a payment for advertising expenses of $670, was incorrectly recorded in the general ledger as $760. 5. During the month, one of JB's customers paid their account using an electronic funds transfer. Their payment was for $2.205. 6. The cash receipts for May 31 amounted to $2,900 and had been deposited in the night drop slot at the bank on the evening of May 31. These were not reflected on the bank statement for May. (a) Prepare the bank reconciliation for JB at May 31. (List items that increase balance as per bank & books first.) JB Games Ltd. Bank Reconciliation As of May 31 Balance Per Bank Statement $ 14,100 Add Deposits in Transit Less Outstanding Cheques Reconciled Balance $ Balance Per Accounting Records $ 11.255 Add EFT Receipts 2,205 Correction of Cheque #791 Less Bank Service Charges NSF Cheque Balance Per Accounting Records $ eTextbook and Media List of Accounts