THIRD NATIONAL BANK BANK STATEMENT

		Disbursements			Receipts		Balance
Balance, May 1, 2017							$9,733.59
Deposits					$31,080.00
Note payment direct from customer (interest of $33.30)					1,032.30
Checks cleared during May		$34,576.50
Bank service charges		29.97
Balance, May 31, 2017							7,239.42

Nashs Cash Account
Balance, May 1, 2017		$ 9,823.50
Deposits during May 2017		34,410.00
Checks written during May 2017		(35,336.85	)

Deposits in transit are determined to be $3,330.00, and checks outstanding at May 31 total $943.50. Cash on hand (besides petty cash) at May 31, 2017, is $273.06.

Prepare a bank reconciliation dated May 31, 2017, proceeding to a correct cash balance, and prepare the journal entries necessary to make the books correct and complete. (Enter answers to 2 decimal places, e.g. 125.62. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)