Problem 5-5 (Part Level Submission) Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2017, the company's Cash account showed a balance of $6,738.90. The bank statement from Emporia State Bank on that date showed the following balance. Checks and Debits XXX EMPORIA STATE BANK Deposits and Credits XXX Daily Balance 5-31 6,968.00 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 $40.00 for the printing of additional company checks. 2. Cash sales of $883.15 on May 12 were deposited in the bank. The cash receipts record and the deposit slip were incorrectly made for $933.15. The bank credited Timmins Company for the correct amount. 3. Outstanding checks at May 31 totaled $276.25, and deposits in transit were $1,880.15. 4. On May 18, the company issued check No. 1181 for $685.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly recorded by Timmins Company for $658.00. 5. $2,690.00 was collected by the bank for Timmins 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 $360.00 that was incorrectly charged to Timmins Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $380.00 for a check issued by Sara Ballard, a customer, to Timmins Company on account. (a) Prepare the bank reconciliation at May 31, 2017. (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.75.) TIMMINS COMPANY Bank Reconciliation