PROBLEM III The bank statement for Allen Co. indicates a balance of $8,000.00 on June 30, 2005. After the journals for June had been posted, the cash account had a balance of S3,675.00. Prepare a bank reconciliation on the basis of the following reconciling items: (a) Cash sales of S342 had been erroneously recorded in the cash receipts journal as S324 (b) Deposits in transit not recorded by bank, S500.00 (c) Bank debit memorandum for service charges, $25.00 d Bank credit memorandum for note collected by bank, $2850, including S50 interest (e) Bank debit memorandum for $218.00 NSF (not sufficient funds) check from alice Bel, a customer (f) Checks outstanding, $2,200.00