Question 2 On May 31, 2017, Marrell Ltd. had a cash balance per books of $6,781.50. The bank statement from Home Town Bank on that date showed a balance of $6,824.60. A comparison of the statement with the Cash account revealed the following facts. 1. The statement included a bank charge of $60 for the printing of additional company checks. 2. Cash sales of $836.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $886.15. The bank credited Marrell Company for the correct amount. 3. Outstanding checks at May 31 totaled $256.25. 4. On May 18, the company issued check No. 1181 for $685 to Barry Dietz to settle Deposits in transit were $1,916.15. the account payable. The check, which cleared the bank in May, was incorrectly journalized and posted by Marrell for $658. 5. A $3,000 note receivable was collected by the bank for Marrell on May 31 plus 6. Included with the cancelled checks was a check issued by Bridges plc to Jon 7. $80 interest. No interest has been accrued on the note. Newton for $600 that was incorrectly charged to Marrell by the bank. On May 31, the bank statement showed an NSF charge of $640 for a check issued by Sandy Grifton, a customer, to Marrell on account Required (a.) Prepare the bank reconciliation at May 31, 2017. (b.) Prepare the necessary adjusting entries for Marrell at May 31, 2017