Oriole Grow-Fast spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2020, the company's Cash account per its general ledger showed the following balance 6,201.00. The bank statement from Manchester Bank on that date showed the following balance. Checks and Debits XXX Lancaster Bank Deposits and Credits Daily Balance XXX 5/31 6,310.40 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 50.00 for the printing of additional company checks. 2. 3. 4. 5. Cash sales of 821.44 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for 881.44. The bank credited Oriole Genetics for the correct amount. Outstanding checks at May 31 totaled 237.45, and deposits in transit were 1,671.05. On May 18, the company issued check No. 1181 for 685.00 to M. Datz on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Oriole Genetics for 658.00. 2,700.00 was collected by the bank for Oriole on May 31 through electronic fund transfer. The bank statement from Manchester Bank on that date showed the following balance. Checks and Debits XXX Lancaster Bank Deposits and Credits Daily Balance XXX 5/31 6,310.40 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 50.00 for the printing of additional company checks. 2. 3. 4. 5. 6. 7. Cash sales of 821.44 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for 881.44. The bank credited Oriole Genetics for the correct amount. Outstanding checks at May 31 totaled 237.45, and deposits in transit were 1,671.05. On May 18, the company issued check No. 1181 for 685.00 to M. Datz on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Oriole Genetics for 658.00. 2,700.00 was collected by the bank for Oriole on May 31 through electronic fund transfer. Included with the cancelled checks was a check issued by Tomins to C. Pernod for 390.00 that was incorrectly charged to Oriole by the bank. On May 31, the bank statement showed an NSF charge of 630.00 for a check issued by Sara Ballard, a customer, to Oriole on account. Question 5 of 5 -/1 Prepare the bank reconciliation at May 31, 2020. (Reconcile the bank balance first and then the book balance. List items that increase balances first. Round answers to 2 decimal places, eg. 1,532.25.) ORIOLE GROW-FAST LTD. Bank Reconciliation May 31, 2020 Question 5 of 5 -/1 Prepare the necessary adjusting entries for Oriole Grow-Fast at May 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 1,532.25.) Date Account Titles and Explanation May 31 May 31 (Amount collected by bank) May 31 May 31 (NSF charge issued for a cheque) (Cash receipts entry incorrectly made) Debit Credit May 31 May 31 (Cash receipts entry incorrectly made) May 31 (Check issued by company wrongly posted) (Bank charges paid) eTextbook and Media List of Accounts