The following information is available for Unique Globe, Inc., as of May 31, 2010: Cash on the books as of May 31 amounted to $43, 784.16. Cash on the bank statement for the same date was $53, 451.46. A deposit of $5, 220.94, representing cash receipts of May 31, did not appear on the bank statement. Outstanding checks totaled $3, 936.80. A check for $1, 920.00 returned with the statement was recorded incorrectly in the check register as $1, 380.00. The check was for a cash purchase of merchandise. The bank service charge for May amounted to $30. The bank collected $12, 200.00 for Unique Globe, Inc., on a note. The face value of the note was $12,000.00. An NSF check for $178.56 from a customer, Eve Lay, was returned with the statement. The bank mistakenly charged to the company account a check for $750.00 drawn by another company. The bank reported that it had credited the account for $250.00 in interest on the average balance for May. Required Prepare a bank reconciliation for Unique Globe, Inc., as of May 31, 2010. Prepare the entries in journal form necessary to adjust the accounts. Why is a bank reconciliation considered an important control over cash