Use the following information, prepare a bank reconciliation for Cole Co. for May 31 of the current year a) The bank statement balance is $3,012. b) The cash account balance is $3,165. c) Outstanding checks amounted to $590. d) Deposits in transit are $704. e) Bank service charges for May amounted to $30. f) A check for $76 for supplies was recorded as $67 in the ledger. Cole Co. Bank Reconcialtion May 31st Cash Balance as per cash book 3165 Less Outstanding Checks 590 Add Depost in transit -704 Less Bank Service Charge -30 Less Check Issued erroneously understated (76-67) -9 Balance as per Bank 3012