The bank statement for Laird Company (Illustration 8-10) shows a balance per bank of $15,907.45 on April 30, 2017. On this date the balance of cash per books is $11,589.45. Using the four reconciliation steps, Laird determines the following reconciling items. Step 1. Deposits in transit: April 30 deposit (received by bank on May 1). $2,201.40 Step 2. Outstanding checks: No. 453, $3,000.00; no. 457, $1,401.30; no. 460, $1,502.70. 5,904.00 Step 3. Errors: Laird wrote check no. 443 for $1,226.00 and the bank correctly paid that amount. However, Laird recorded the check as $1,262.00. 36.00 Step 4. Bank memoranda: a. Debit-NSF check from J. R. Baron for $425.60. 425.60 b. Debit-Charge for printing company checks $30.00. 30.00 c. Credit-Collection of note receivable for $1,000 plus interest earned $50, less bank collection fee $15.00. 1,035.00