The following data apply to ABC Quality Goods for May Year 1: Balance per the bank on May 31: $12,310 and book balance, May 31, Year 1 $ 12,041 Deposits in transit not recorded by the bank: $1,500. Bank error; cheque written by Best Beauty Supply was charged to ABC Quality Goods's account: $800. The following cheques written and recorded by ABC Quality Goods were not included in the bank statement: Ch No. Amount 3013 265 3054 480 3056 1,420 Note collected by the bank: $650. Service charge for collection of note: $13. The bookkeeper recorded a cheque written for $675 to pay for the May utilities expense as $585 in the cash disbursements journal. Bank service charge in addition to the note collection fee: $30. Customer cheques returned by the bank as NSF: $113. Prepare a bank reconciliation statement for ABC Quality Goods as on 31 May. (6 marks available)