The bank statement for Cole Co. Indicates a balance of $3012.00 on May 31. 2007 After the journals for May had been posted, the cash account had a balance of $3, 165 00 (1) Prepare a bank reconciliation for Cole Co. For May 31. 2007on the basis of the reconciling Items below (2) State which items would require adjusting journal entries on the Companies books. The bank statement balance is $3, 012. The cash account balance is $3.165. Outstanding checks amounted to $590. Deposits in transit (not recorded on bank statement) are $704. The bank service charge is $30. A check for $76 for supplies was recorded as $67 in the ledger