Prepare the bank reconciliation at May 31, 2017. (List items that increase balance as per bank & books first.)

Prepare the necessary adjusting entries for Sunland Company at May 31, 2017.

Problem 7-5A Sunland Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2017, the companys Cash account per its general ledger showed a balance of $6,823.90. The bank statement from Emporia State Bank on that date showed the following balance. EMPORIA STATE BANK Checks and Debits Deposits and Credits Daily Balance XXX XXX 5-31 7,053.00 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 $57.00 for the printing of additional company checks. 2. Cash sales of $900.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $950.15. The bank credited Sunland Company for the correct amount. 3. Outstanding checks at May 31 totaled $285.25, and deposits in transit were $1,897.15. 4. On May 18, the company issued check No. 1181 for $684.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Sunland Company for $648.00. 5. A $2,792.00 note receivable was collected by the bank for Sunland Company on May 31 through electronic funds transfer. 6. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $343.00 that was incorrectly charged to Sunland Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $465.00 for a check issued by Sara Ballard, a customer, to Sunland Company on account