The bank portion of last month's bank reconciliation showed the following for River Adventures Ltd.: River Adventures Ltd. Bank Reconciliation April 30, 2020 Cash balance per bank Add: Deposits in transit $12,612 4,230 16,842 Less: Outstanding cheques #533 #541 Reconciled cash balance $1,860 982 2,842 $ 14,000 The reconciled cash balance per bank agreed with the reconciled cash balance per books after the bank reconciliation at April 30. The Maybank statement showed the following: 3 Amounts Deducted Amounts Added to Date Description from Account (debits) Account (credits) Apr. 30 Opening balance May 1 Deposit 4,230 Cheque No. 541 982 4 Cheque No. 533 1,860 6 Cheque No. 542 1,620 6 Deposit 2,114 10 Cheque No. 543 2,210 18 EFT, collection on account from A. Osborne. 1,475 19 Cheque No. 544 28 Deposit 1,819 28 Returned cheque - NSF, R. Lajeunesse 1,105 28 NSF fee 45 30 EFT, prepaid insurance payment 927 31 Bank service charges and debit and credit card fees 95 Balance 12,612 16,842 15,860 14,000 12,380 14,494 12,284 13,759 12,833 14,652 13,547 13,502 12,575 12,480 926 River Adventures' cash receipts and payments for the month of May showed the following: Cash Receipts Cash Payments Date Amount Date Number Amount May 6 $ 2,114 May 5 542 $ 1,620 28 $ 1,819 7 543 2,120 31 $ 1,524 15 544 926 $ 5,457 31 1,535 $ 6,201 545 Additional information: 1) The bank made an error when processing cheque #543. 2) The EFT collection from A. Osborne was not previously recorded. 3) Because the EFT for prepaid insurance payment occurred near the end of the month, it has not been recorded yet 4) The company's policy is to pass on any charges for NSF fees on to the customer. Required: 1. Prepare the bank reconciliation at May 31, 2020 2. Prepare any journal entries required from the reconciliation