Vaughn Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, 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. Checks and Debits Emporia State Bank Deposits and Credits XXX Daily Balance 5-31 8,318.40 XXX A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. 2. 3. The statement included a debit memo of $40 for the printing of additional company checks. Cash sales of $740.48 on May 12 were deposited in the bank. The cash receipts entry and the deposit slip were incorrectly made for $800.48. The bank credited Vaughn Company for the correct amount Outstanding checks at May 31 totaled $375.55, and deposits in transit were $1,911.65. On May 18, the company issued check No. 1181 for $673 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Vaughn Company for $637. $2,600 was collected from a customer's note receivable by the bank for Vaughn Company on May 31 through electronic funds transfer 4. 5. 6. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $360 that was incorrectly charged to Vaughn Company by the bank 7. On May 31, the bank statement showed an NSF charge of $360 for a check issued by Sara Ballard, a customer, to Vaughn Company on account. Prepare the bank reconciliation at May 31, 2022. (List items that increase cash balance first.) VAUGHN COMPANY Bank Reconciliation