Peterson Company's general ledger shows a cash balance of $7,490 on May 31 May cash receipts of $1,260, included in the general dated May 31 shows an NSF check from a customer for $100 and o service fee of $60. The bank processes all check whitien by the Prepare a bank reconciliation to calculate the correct balance of cash on May 31. (Amounts to be declucted should be indicated with a minus sign.)