Preparing a Bank Reconciliation Prepare a bank reconciliation at May 31. Kelso Company's bank statement for May 2021 shows the following data: Balance 5/1/21 Memo: NSF Check $12,650 Balance 5/31/21 Memo: $175 $14,280 Collection of EFT $505 The cash balance per books at May 31 is $13,319. A review indicates the following: 1. The NSF check was from a customer. 2. Outstanding checks at May 31 total $2,410. 3. Deposits in transit at May 31 total $1,752. 4. A Kelso Company check for $352 cleared the bank on May 25. The company recorded this check for $325. 10 D M