The cash account for Santiago Co. on May 31, 2009 indicated a balance of $15,515.00. The March bank statement indicated an ending balance of $20,245.00. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:

a.	Checks outstanding totaled $4,820.00
b.	A deposit of $3,796.00 had been made too late to appear on the bank statement.
c.	A check for $1,233.00 returned with the statement had been incorrectly recorded as $233.00. The check was originally credited to accounts payable.
d.	The bank collected $5,541.00 on a note left for collection.
e.	Bank service charges for May amounted to $45.00.
f.	A check for $790.00 was returned by the bank because of insufficient funds.

Prepare a bank reconciliation as of May 31, 2009. Journalize the necessary entries.

Santiago Co.

Bank Reconciliation

May 31, 2009

Date	Description	Post Ref	Debit	Credit