fer- P7-5A Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid tilizer for local farmers. On May 31, 2017, the company's Cash account per its general ledger showed a balance of $6,738.90. The bank statement from Emporia State Bank on that date showed the following balance EMPORIA STATE BANK Daily Balance 5-31 6,968.00 Checks and Debits Deposits and Credits A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. The statement included a debit memo of $40 for the printing of additional company checks. 2. Cash sales of $883.15 on May 12 were deposited in the bank. The cash receipts jour- nal entry and the deposit slip were incorrectly made for $933.15. The bank credited Timmins Company for the correct amount. 3. Outstanding checks at May 31 totaled $276.25, and deposits in transit were $1,880.15. 4. On May 18, the company issued check No. 1181 for $685 to H. Moses, on account. The check, which cleared the bank in May, was incorrectly journalized and posted by Timmins Company for $658. 5. $2,690 was collected by the bank for Timmins Company on May 31 through electronic funds transfer 6. Included with the canceled checks was a check issued by Tomins Company to C. Pernod for $360 that was incorrectly charged to Timmins Company by the bank. 7. On May 31, the bank statement showed an NSF charge of $380 for a check issued by Sara Ballard, a customer, to Timmins Company on account. Instructions (a) Prepare the bank reconciliation at May 31, 2017 (b) Prepare the necessary adjusting entries for Timmins Company at May 31, 2017