Problem (10 pts) Bank Reconciliation The information below applies to Questions 31 thru 35 (2 points each) 31-35. (180) Bank reconciliation - At May 31, the balance of the Cash account according to the accounting records of Medford Company was $7,600. The May 31 bank statement showed a balance of $9,400. You are to prepare the bank reconciliation of Medford Company at May 31, using the following supplementary information: (a.) Deposit in transit at May 31, $8,000. (b.) A customer check for $400 that Medford deposited, but not credited to Medford's account by the bank but rather returned to Medford with the notation "NSF." (c.) Service charge assessed by bank, $100. (d) Medford left a note receivable with its bank for collection. The bank collected $7.200 and credited this amount to Medford 's account. No interest involved. (e.) Outstanding checks: no. 120 - $100; no. 121- $900; no. 127- $300; no. 134- $2,000. (f.) Medford's check no. 680, issued in payment of $900 worth of office equipment, correctly. written in the amount of $900 and cleared through the bank for this amount, but erroneously. recorded in Medford 's accounting records as $700. Medford Company, Inc Bank Reconciliation May 31, 2019 Balance per Bank Statement, May 31 Additions: Deductions Adjusted Bank Cash Balance Balance per Books, May 31 Additions: $ Deductions $ S Adjusted Book Cash balance (as above) 31. Total additions to the Balance per Bank Statement are: O A. $0 O B. $7,200 O C. $8,000 OD. $10,500 recorded in Medford's accounting records as $700. but erroneously Medford Company, Inc Bank Reconciliation May 31, 2019 Balance per Bank Statement, May 31 Additions Deductions: Adjusted Bank Cash Balance Balance per Books, May 31 Additions: $ Deductions: $ $ Adjusted Book Cash balance (as above) 32. Total deductions to the Balance per Bank Statement are: O A: $0 B. $700 O C. $2,600 O D. $3,300 33. Total additions to the Balance per Books are: O A. $0 O B. $7,200 O C. $8,000 O D. $8,700 34. Total deductions to the Balance per Books are: O A. $0 O B. $700 O C. $3,300 O D. $4,000 35. The Adjusted Cash Balance (Bank & Books) is: O A. $2,900 O B. $14,100 O C. $14,800 OD. $17,400