PART 3-BANK RECONCILIATION (16 POINTS) Mage Company's bank statement for May 31, 2018 showed a cash balance of $45,300. The company's cash account in its general ledger showed $50,720 debit balance. The following information was also available as of May 31, 2018 The May 31, 2018 cash receipts in the amount of $20,100 were deposited by ATM after banking hours on that date. While this deposit was properly recorded in the Company's books as of May 31", the amount did not appear on the May 31, 2018 bank statement. An NSF check for $800 originally received from customer J. Flake in payment of his account was returned by the bank. The Company had not previously recorded its return. As of May 31, 2018, three checks had been written and properly recorded on the Company's books However, these checks did not appear on the bank statement. The total of these three checks amounted to $15,480. Prepare a bank reconciliation for Mage Company as of May 31, 2018. Be sure to use proper terminology, as discussed in class. Then record the adjusting journal entry or entries necessary as a result of the bank reconciliation. MAGE COMPANY Bank Reconciliation May 31, 2019 Balance per bank Balance per books Adjusted bank balance Adjusted book balance Show the journal entry or entries necessary as a result of this bank reconciliation: Debit Credit GO TO NEXT PAGE uld be al lea