Served Help Save Peterson Company's general ledger shows a cash balance of $7,850 on May 31. May cash receipts of $1,250, Included in the general ledger balance, are placed in the night depository at the bank on May 31 and processed by the bank on June 1. The bank statement dated May 31 shows an NSF check for $200 and a service fee of $50. The bank processes all checks written by the company by May 31 and lists them on the bank statement, except for one check totaling $1,640. The bank statement shows a balance of $7,990 on May 31 Prepare a bank reconciliation to calculate the correct ending balance of cash on May 31. (Amounts to be deducted should be Indicated with a minus sign.) PETERSON COMPANY Bank Reconciliation May 31 Bok's Cash Balance Company Cash Balance Before reconciliation Before conciliation 5 O Alor reconciliation 0 Checks outstanding Company error Depoults outstanding EFT for rent Praw 28 of 29 !!! Next >