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: 1. Checks outstanding totaled $5,975. 2. A deposit of $3,796 had been made too late to appear on the bank statement. 3. A check for $1,482 returned with the statement had been incorrectly recorded as $482. The check was originally issued to pay on account 4. The bank collected $4,515 on a note left for collection of which $515 was interest revenue. S. Bank service charges for May amounted to $70. 6. A check for $894 was returned by the bank because of insufficient funds. a. Prepare a bank reconciliation as of May 31. Santiago Co. Bank Reconcillation May 31 Cash balance according to bank statement Adjusted balance Cash balance according to company's records $ GA Adjusted balance b. Journalize any necessary entries based on the bank reconciliation. If an amount box does not require an entry, leave it blank. May 31 May 31