Peterson Company's general ledger shows a cash balance of $7,680 on May 31. May cash receipts of $1,340, 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 for $180 and a service fee of $70. The bank processes all checks written by the company by May 31 and lists them on the bank statement, except for one check totaling $1,720. The bank statement shows a balance of $7,810 on May 31 Prepare a bank reconciliation to calculate the correct ending balance of cash on May 31. (Amounts to be deducted should be indicated with a minus sign.) PETERSON COMPANY Bank Reconciliati May 31 Bank's Cash Balanc Company's Cash Balance Per bank statement Note received $7,810 Per general ledger Bank balance per reconciliation 7,810 Company balance per reconciliation