(P.7.3.A) On May 31, 2014 Terrel Company had a cash balance per books of $6.781,50. The bank statement from Home Town Bank on that date showed a balance of $6.804,60. A comparison of the statement with the cash account revealed the following facts. 1. The statement included a debit memo of $40 for the printing of additional company checks. 2. Cash sales of $836,15 on May 12 were deposit in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $886,15. The bank credited Terrel Company for the correct amount. 3. Outstanding checks at May 31 totaled $276,25. Deposit in transit were $1.916,15. 4. On May 18, the company issued check no 1181 for $685to Barry Dietz on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Terrel Company for $658. 5. A $3.000 note receivable was collected by the bank for Terrel Company on May 31 plus $80 interest. The bank charged a collection fee of $20. No interest has been accrued on the note. 6. Included with the canceled checks was a check issued by Bridges Company to John Newton for $600 that was incorrectly charged to Terrel Company by the bank. 7. On May 31, the bank statement show NSF charge of $680 for a check issued by Sandy Grifton, a customer, to Terrel Company on Account Instructions: 1. Prepare the bank reconciliation at May 31, 2014 2. Prepare the necessary adjusting entries for Terrel Company at May 31, 2014