THIRD NATIONAL BANK BANK STATEMENT
		Disbursements			Receipts		Balance
Balance, May 1, 2017							$10,172.04
Deposits					$32,480.00
Note payment direct from customer (interest of $34.80)					1,078.80
Checks cleared during May		$36,134.00
Bank service charges		31.32
Balance, May 31, 2017							7,565.52

Cranes Cash Account
Balance, May 1, 2017		$ 10,266.00
Deposits during May 2017		35,960.00
Checks written during May 2017		(36,928.60	)

Deposits in transit are determined to be $3,480.00, and checks outstanding at May 31 total $986.00. Cash on hand (besides petty cash) at May 31, 2017, is $285.36.

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