Peterson Company's general ledger shows a cash balance of $7,640 on May 31. May cash receipts of $1,310, included in the general ledger balance, are placed in the night depository at the bank on May 31 and processed by the bank on June 1 . The bank statement dated May 31 shows an NSF check from a customer for $180 and a service fee of $60. The bank processes all checks written by the company by May 31 and iists them on the bank statement, except for one check totaling $1.730. The bank statement shows a balance of $7.820 on May 31 Required: Prepare a bank reconciliation to calculate the correct balance of cash on May 31. (Amounts to be deducted should be indicated with minus sign.)