What cash should Carla Vista report on its statement of financial position as at May 31? Cash balance reported on the statement of financial position (To record bank charges) (To record NSF cheque) Less : NSF Cheque \begin{tabular}{|r|r|} \hline 1360 & i \\ \hline \end{tabular} Bank Service Charges Reconciled Balance $8905 On May 31, Carla Vista Games Ltd. received its bank statement from the East Coast Savings Bank showing that Carla Vista had a balance of $12,500. The company's general ledger showed a cash balance of $6,235 at that date. A comparison of the bank statement and the accounting records revealed the following information: 1. A cheque from one of Carla Vista's customers in the amount of $1,360 that had been deposited during the last week of May was returned with the bank statement as NSF. 2. Bank service charges for the month were $50. 3. The company had written and mailed out cheques with a value of $5,145 that had not yet cleared the bank. 4. Cheque #791, which was a payment for advertising expenses of $560, was incorrectly recorded in the general ledger as $650. 5. During the month, one of Carla Vista's customers paid its account using an electronic funds transfer. The payment was for $3,990. 6. The cash receipts for May 31 amounted to $1,550 and had been deposited in the night drop slot at the bank on the evening of May 31. These were not reflected on the bank statement for May. Prepare the journal entries necessary as a result of the bank reconciliation prepared in part "a." (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Carla Vista Games Ltd. Bank Reconciliation As of May 31 Balance per Bank Statement $ 12500 Add Outstanding Deposits 1550 Less Outstanding Cheques 1550 Reconciled Balance $ 8905 Balance per Accounting Records $ 6235 Add Correction of Cheque \#791 90 EFT Receipts 3990