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View Police Current Attempt In Progress Whispering Winds Corp deposits all receipts intact and makes all payments by cheque. The following information is available from the cash records April 30 Bank Reconciliation $7.440 Balance per bank 1.690 Add Deposits in transit (2.600) Deduct Outstanding cheques $6,530 Balance per books Month of May Results Per Bank Per Books $8.840 $9.390 Balance on May 31 4740 5.950 May deposits May cheques 4,010 3.120 1.030 May note collected (not included in May deposits Maybank service charge May NSF cheque from a customer returned by the bank (recorded by the bank as a charge) 25 365 1 Determine the amount of deposits in transit and outstanding cheques at May 31. Keeping in mind the time lag between deposits and cheques being recorded in the books and when they are recorded by the bank y Deposits in transit, May 31 $ Outstanding cheques, May 31 S eTextbook and Media List of Accounts Prepare a May 31 bank reconciliation showing balance per bank statement and balance per books and correct cash balance. (List items that increase balance as per bank & books first.) Whispering Winds Corp. Bank Reconciliation May 31 $ > S S $ > $ eTextbook and Media List of Accounts Prepare the Prepare the journal entry to correct the cash account at May 31 (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 Ofor the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts

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