The ending cash balance for Rote Memory Systems, Inc. on April 30, 20XX was $11, 893.12. Appropriate portions of the cash receipts and cash payments records arc illustrated below. The bank statement for May is presented below: 1. The NSF check was from customer Lippy Dipp and had been included in the deposit of May 4. 2. The service charge of $62.00 includes a $20 fee for the NSF check. 3. During the April reconciliation, deposits in transit of $1, 274.30, $224.63 and 1, 188.00 were noted. The $1, 188.00 is from February, and continues as a DIT in April and May. In addition outstanding checks from April consisted of $125.12, $28.22 and $128.34. 4. There is an error in the checks that consists of a transposition. 5. You will find an item that bears no explanation. You should make an assumption about what you think it to be, label it appropriately and then adjust which party you assume it affects. 1. Prepare the bank reconciliation for May. Use the two-column approach. You must label all amounts and show all of your work for credit. Assume the bank's records are correct 2. Are there any alarm(s) present that might indicate that embezzlement is in progress? If so, what? 3. What is the true amount of cash the firm has (what can they spend)? 4. Which items from die reconciliation would need to be recorded in the firm's accounting records? Turn in one solution, (on a separate sheet of paper in pencil only), for the entire group (with first and last names on the front, one name on the hack) that will be worth 10 points and graded on accuracy of the