Victoria Peak Company's bank statement for May 2014 shows the following data. Balance 5/1 HK$126,500 Balance 5/31 HK$142,800 Debit memorandum: Credit memorandum: NSF check HK$1,750 Collection of note receivable HK$5,050 The cash balance per books at May 31 is HK$133,190. Your review of the data reveals the following 1. The NSF check was from Copple Co., a customer. 2. The note collected by the bank was a HK$5,000, 3-month, 12% note. The bank charged a HK$100 collection fee. No interest has been accrued. 3. Outstanding checks at May 31 total HK$24,100. 4. Deposits in transit at May 31 total HK$17,520. 5. A Victoria Peak Company check for HK$3,520, dated May 10, cleared the bank on May 25. The company recorded this check, which was a payment on account, for HK$3,250. Instructions (a) Prepare a bank reconciliation at May 31. (b) Journalize the entries required by the reconciliation