The cash account for santiago co. on may 31 indicated a balance of $20,915. the march bank statement indicated an ending balance of $25,645. comparing the bank statement, the canceled checks, and the accompanying memos with the records revealed the following reconciling items:
a. checks outstanding totaled $5,975.
b. a deposit of $3,796 had been made too late to appear on the bank statement.
c. a check for $1,482 returned with the statement had been incorrectly recorded by the company as $482. the check was originally issued to pay on account.
d. the bank collected $4,515 on a note left for collection of which $515 was interest revenue.
e. bank service charges for may amounted to $70.
f. a check for $894 was returned by the bank because of insufficient funds.
required :
prepare a bank reconciliation as of may 31. journalize the necessary entries.