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The bookkeeper at Washington Company has not reconciled the bank statement with the Cash account, saying, $$I don$$t have time.$$ You have been asked to prepare a reconciliation and review the procedures with the bookkeeper.

The May $31,$ Current Year, bank statement and the May ledger account for cash showed the following $($summarized$)$:

BANK STATEMENT

Checks Deposits Balance

Balance, May $1,$ Current Year $ $34,300$

Deposits during May $ $39,30073,600$

Interest collected $2,09075,690$

Checks cleared during May $ $47,90027,790$

NSF check$$B$.$ C$.$ Wong $41027,380$

Bank service charges $13527,245$

Balance, May $31,$ Current Year $27,245$

Cash $($A$)$

Debit Credit

May $1$ Balance $27,200$ May Checks written $44,200$

May Deposits $44,900$

A comparison of checks written before and during May with the checks cleared through the bank showed outstanding checks at the end of May of $$3,400.$ No deposits in transit were carried over from March, but a deposit was in transit at the end of May.

Required:

$1.$ Complete the following bank reconciliation.