P7-3A On May 31, 2017, Reber Company had a cash balance per books of $6,781.50. The Prepare a bank reconciliation and adjusting entries LO 3) bank statement from New York State Bank on that date showed a balance of $6,404.60. A 1. The statement included a debit memo of $40 for the printing of additional company 2. Cash sales of $836.15 on May 12 were deposited in the bank. The cash receipts journal comparison of the statement with the Cash account revealed the following facts. checks entry and the deposit slip were incorrectly made for $886.15. The bank credited Reber Company for the correct amount. 3. Outstanding checks at May 31 totaled $576.25. Deposits in transit were $2,416.15. 4. On May 18, the company issued check no. 1181 for $685 to Lynda Carsen on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Reber Company for $658 5. A $3,000 note receivable was collected by the bank for Reber Company on May 31 plus $80 interest. The bank charged a collection fee of $20. No interest has been accrued on 6. Included with the canceled checks was a check issued by Stiner Company to Ted Cress 7. On May 31, the bank statement showed an NSF charge of $680 for a check issued by the note. for $800 that was incorrectly charged to Reber Company by the bank. Sue Allison, a customer, to Reber Company on account. Instructions (a) Prepare the bank reconciliation at May 31, 2017 (b) Prepare the necessary adjusting entries for Reber Company at May 31, 2017. a) Adjusted cash balance per bank $9,044.50