Third exercise: On May 31 Reber company had a cash balance per books of $6781.5.The bank statement from NY state bank on that date showed a balance of $ 6404.60. A comparison of the statement with the cash account revealed the following facts: The statement include a debit memo of $40 for the printing of additional company checks. Cash sales of $836on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were ly made for $886.15. The bank credited Reber Company for the correct amount. Outstanding checks totaled $576.25. Deposits in transit were $2416.15. On May 18, the company issued check number 1181 for $685 to Lynda Carsen on account. The check, which cleared the bank in May was ly journalized and posted by Reber Company for $658. A $3000 note receivable was collected by bank for Reber company on May 31, plus $80 interest. The bank charged a collection fee $20. Included with the cancelled checks was a check issued by Stiner company to Ted Chris for $800 that was ly charged to Reber Company by the bank. On May 31, the bank statement showed an NSF charge of $680 for a check issued by Sue Allisson, a customer, to Reber company on account Required: Prepare a bank reconciliation Journalize the adjusting entries