On May 31, JB Games Ltd. received its bank statement from the East Coast Savings Bank showing that JB had a balance of $12,500. The company's general ledger showed a cash balance of $6,235 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 $1,360 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 $50. 3. The company had written and mailed out cheques with a value of $5,145 that had not yet cleared the bank. 4. 5. 6. Cheque #791, which was a payment for advertising expenses of $560, was incorrectly recorded in the general ledger as $650. During the month, one of JB's customers paid their account using an electronic funds transfer. Their payment was for $3,990. The cash receipts for May 31 amounted to $1,550 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.