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QUESTION 1 Vandalay Industries receives its bank statement dated May 31, 2019. The May bank statement shows a balance of $66,000 and the following items: Collections of $10,000 note plus $500 interest (total 10,500) NSF: Newman Check $4,500 Interest Earned on checking account $80 Bank Service Fee $25 Check #7004 cleared the bank for $470. The checkbook incorrectly recorded $740. At May 31, deposits in transit were $9,200, and outstanding checks totaled $2,700. The checking account (general ledger) balance on May 31 is $66,175 Instructions Prepare the bank reconciliation at May 31, 2019