Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2020, the companys Cash account per its general ledger showed a balance of $7,108.80. 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		8,110.50

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 for the printing of additional company checks.
2.		Cash sales of $710.12 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $760.12. The bank credited Timmins Company for the correct amount.
3.		Outstanding checks at May 31 totaled $481.60, and deposits in transit were $2,063.90.
4.		On May 18, the company issued check No. 1181 for $684 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Timmins Company for $648.
5.		$3,600 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 $450 that was incorrectly charged to Timmins Company by the bank.
7.		On May 31, the bank statement showed an NSF charge of $440 for a check issued by Sara Ballard, a customer, to Timmins Company on account.

Prepare the bank reconciliation at May 31, 2020. (List items that increase cash balance first.) Prepare the necessary adjusting entries for Timmins Company at May 31, 2020.