The cash account for Santiago Co. on May 31 indicated a balance of $20, 915. The March bank statement indicated an ending balance of $25, 645. Comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items: Checks outstanding totaled $5, 975. A deposit of $3, 796 had been made too late to appear on the bank statement. A check for $1, 482 returned with the statement had been incorrectly recorded as $482. The check was originally issued to pay on account. The bank collected $4, 515 on a note left for collection of which $515 was interest revenue. Bank service charges for May amounted to $70. A check for $894 was returned by the bank because of insufficient funds. Prepare a bank reconciliation as of May 31. Journalize the necessary entries. Use the following format, but make sure to record your answer on the scantron only