P7.6 (L03) Timmins Grow-Fast spreads herbicides and applies liquid fertilizer for local farmers. On Prepare a bank reconciliation and May 31, 2020, the company's Cash account per its general ledger showed a balance of 6,738.90 adjusting entries, The bank statement from Manchester Bank on that date showed the following balance. pisyo gadu svinedsmo MANCHESTER BANK Checks and Debits Deposits and Credits Daily Balance 5-31 6,968.00 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 40 for the printing of additional company checks, 2. Cash sales of 883.15 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for 933.15. The bank credited Timmins for the correct amount. 3. Outstanding checks at May 31 totaled 276.25, and deposits in transit were 1.880.15. 4. On May 18, the company issued check No. 1181 for 685 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Timmins for 658. 5. 2,690 was collected by the bank for Timmins on May 31 through electronic funds transfer. 6. Included with the canceled checks was a check issued by Tomins to C. Pernod for 360 that was incorrectly charged to Timmins by the bank. 7. On May 31, the bank statement showed an NSF charge of 380 for a check issued by Sara Ballard, a customer, to Timmins on account. Instructions a. Prepare the bank reconciliation at May 31, 2020, b. Prepare the necessary adjusting entries for Timmins at May 31, 2020, a. Adjusted cash bal. (8,931.90