Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31,2020, the company's Cash account per its general ledger showed a balance of $8,110.50. The bank statement from Emporia State Bank on that date showed the following balance. A comparison of the details on the bank statement with the details in the Cach account revealed the following facts 1. The statement included a debit memo of 340 for the orintipe of ddditionat company checks 2. Cash sales of 584168 on May 12 were deposited in the band The casbrecelpts entry and the deposit slip were incorrectly made for $88168. The bank credited Timenins Company for the correct amount. 3. Outstandingchecho it May 31 totaled $48675 and deponte in tromit were $1.65225. 4. On May 18. the company issued check No. 1181 for $67260%. Moles orraccount. the check which cleared the bank in 4. May,was incorrectly journaliced and posted by Timmin Company for 5627 5. 32700 was coliected by the bank tor Timmins Company on May 31 through electronic funds transter. 6. Included with the cunceled checks was a check tssued by Tomins Company to C. Pernod for $390 that was incorrectly charged to Timmins Coenpary by the bank. 7. On May31 the bank statement ahowed an NSF chorze of 5610 for a check issued by Sara Ballard, a cus tomen to Timpilhs Compury on account. Prepare the bank reconciliation at May 31, 2020. (Wist items that increose cash balance first) Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31,2020, the company's Cash account per its general ledger showed a balance of $8,110.50. The bank statement from Emporia State Bank on that date showed the following balance. A comparison of the details on the bank statement with the details in the Cach account revealed the following facts 1. The statement included a debit memo of 340 for the orintipe of ddditionat company checks 2. Cash sales of 584168 on May 12 were deposited in the band The casbrecelpts entry and the deposit slip were incorrectly made for $88168. The bank credited Timenins Company for the correct amount. 3. Outstandingchecho it May 31 totaled $48675 and deponte in tromit were $1.65225. 4. On May 18. the company issued check No. 1181 for $67260%. Moles orraccount. the check which cleared the bank in 4. May,was incorrectly journaliced and posted by Timmin Company for 5627 5. 32700 was coliected by the bank tor Timmins Company on May 31 through electronic funds transter. 6. Included with the cunceled checks was a check tssued by Tomins Company to C. Pernod for $390 that was incorrectly charged to Timmins Coenpary by the bank. 7. On May31 the bank statement ahowed an NSF chorze of 5610 for a check issued by Sara Ballard, a cus tomen to Timpilhs Compury on account. Prepare the bank reconciliation at May 31, 2020. (Wist items that increose cash balance first)
