Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2017, the companys Cash account showed a balance of $6,738.90. The bank statement from Emporia State Bank on that date showed the following balance.

EMPORIA STATE BANK
Checks and Debits		Deposits and Credits		Daily Balance
XXX		XXX		5-31 6,968.00

A comparison of the details on the bank statement with the details in the Cash account revealed the following facts.

1.		The statement included a debit memo of $40.00 for the printing of additional company checks.
2.		Cash sales of $883.15 on May 12 were deposited in the bank. The cash receipts record and the deposit slip were incorrectly made for $933.15. The bank credited Timmins Company for the correct amount.
3.		Outstanding checks at May 31 totaled $276.25, and deposits in transit were $1,880.15.
4.		On May 18, the company issued check No. 1181 for $685.00 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly recorded by Timmins Company for $658.00.
5.		$2,690.00 was collected by the bank for Timmins Company on May 31 through electronic funds transfer.
6.		Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $360.00 that was incorrectly charged to Timmins Company by the bank.
7.		On May 31, the bank statement showed an NSF charge of $380.00 for a check issued by Sara Ballard, a customer, to Timmins Company on account.

8-b) Prepare a tabular analysis for the necessary adjustments for Timmins Company at May 31, 2017. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, e.g. 52.75.)

(b) Prepare a tabular analysis for the necessary adjustments for Timmins Company at May 31, 2017. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, e.g. 52.75.) Assets Liabilities Notes Rec. Accts. Rec. Accts. Pay. Cash May 31 31 31 31 31 (b) Prepare a tabular analysis for the necessary adjustments for Timmins Company at May 31, 2017. Include margin explanations for the changes in revenues and expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 2 decimal places, eg. 52.75.) Liabilities Stockholders' Equity Accts. Pay. Rev. Exp. >